CREF Policy Update: HUD Proposes Lower MIP for Multifamily Loans
HUD Proposes Lower MIP for Multifamily Loans
Last Tuesday, the Department of Housing and Urban Development (HUD) published two rules to eliminate the Green Mortgage Insurance Premium (MIP) program. The first rule proposes the elimination of the Green MIP program for multifamily properties and also lowers the premiums to 25 basis points for ALL multifamily programs.
The second notice eliminates the Green MIP for 232 mortgages without unduly harming those in process. The proposal would provide a 60-day grace period for those in the queue or who have not yet filed an application with Green MIP. 232s that do not meet the qualifications or do not file in the next 60 days will be subject to existing premium rates.
Go deeper: Lowering the MIP for HUD multifamily programs is a significant victory and something MBA and its members have been recommending for years.
Why they’re saying: MBA’s President and CEO Bob Broeksmit, CMB released a statement saying, “MBA has long advocated for sensible changes that can make HUD’s multifamily lending programs more effective, with a goal of lowering rental housing costs by boosting supply. We commend HUD Secretary Scott Turner and his team for being responsive to our recommendations on this issue. Leveling upfront and annual mortgage insurance premiums will help increase rental housing production and improve affordability for renters across the country.”
What’s next: The Multifamily notice is proposed with a 30-day comment period. The healthcare notice goes into effect in approximately 60 days. MBA’s comments will strongly support the MIP reductions for multifamily and will ask for consideration of similar reductions for healthcare properties.
For more information, please contact Megan Booth at (202) 557-2740.
MBA Hosts “Mid-Year Check-in” Commercial Council Meeting
MBA’s Commercial Council held its quarterly virtual meeting last Monday, bringing together a diverse group of industry leaders and voices from across capital sources. The meeting featured a “Mid-Year Check-In” panel highlighting how market perspectives have and have not changed post-Liberation Day across life companies, private credit, banks, servicers, and more. The call featured a discussion with Jack Gay (Nuveen), Drew Fung (Clarion Partners), Joe Roberto (Bank United), and Brian Hanson (CW Capital).
Why it matters: MBA’s Commercial Council spans capital sources and roles and brings together commercial and multifamily mortgage practitioners to hear from experts, share insights, and network with others. MBA Council calls are open to staff from all MBA commercial member firms
What’s next: The MBA Commercial Council will host its next quarterly call in September. To join the distribution list or learn more, contact Tony Wright at twright@mba.org.
Upcoming MBA CREF Councils and Committee Meetings
MBA’s CREF Councils and Committees are a key way to connect to everything MBA has to offer around policy, advocacy, market intelligence and research, education, and networking. Councils and Committees are built around specific capital sources and serve as an opportunity for you to join other commercial real estate finance professionals to hear from experts, discuss opportunities and challenges, and connect with peers.
What’s next: Upcoming virtual meetings include:
• FHA Committee: July 8
• Private Credit (Non-bank) Council: July 10
• Life Company Council: July 15
• Servicer Council: July 17
• Structured Finance Council: Aug. 6
• Bank Council: Sept. 24
• Commercial Council: September
For more information, click on the links above, please contact Kelly Burke at (202) 557- 2742.
House Financial Services Committee Examines Biden-era CFPB
On Thursday, the House Financial Services Subcommittee on Oversight and Investigations held a hearing titled, “From Watchdog to Attack Dog: Examining the CFPB’s Chopra-era Assault on Disfavored Industries.”
Go deeper: The hearing centered on Republican allegations that the Consumer Financial Protection Bureau (CFPB) under former Director Rohit Chopra overreached its authority and unfairly targeted specific business segments. Democratic lawmakers were critical of the current Trump Administration’s efforts to curtail CFPB’s regulatory oversight and mission.
• Testimony featured a small business owner detailing severe impacts from CFPB investigations, alongside legal experts and advocates debating the agency’s conduct and efficacy under different leaderships.
• A summary of the hearing can be found here.
Why it matters: Under the current Administration, the CPFB (under the acting supervision of the Office of Management and Budget) is working through staff reductions, potential funding cuts, and waiting for a new Director-designate to be named.
What’s next: MBA will continue to monitor the CFPB’s regulatory activities – and any legislative proposals relevant to the agency.
For more information, please contact Rachel Kelley at (202) 557-2816 or Madisyn Rhone at (202) 557-2741.
Register: MBA’s mPact Summit on Aug. 5
Young professionals, meet us in the nation’s capital for a full day of career development and networking on Tuesday, August 5, 2025. Back by popular demand, this event is built by young professionals in the real estate industry, for young professionals, and focused on helping you get to the next level.
Why it matters: The mPact Summit isn’t just about career tips, it’s about empowerment, connection, and growth! The summit will provide the tools, confidence, and network to thrive and help you become tomorrow’s leaders.
Register now!
For more information, please contact Jacky Salazar at (202) 557-2746
Upcoming MBA Education Webinars on Critical Industry Issues
MBA Education continues to deliver timely commercial/multifamily and single-family programming that covers the spectrum of challenges, obstacles and solutions pertaining to our industry. Below, please see a list of upcoming and recent webinars – all complimentary to MBA members:
• Essential Overview of Commercial/Multifamily Business Income Insurance – July 15
• Navigating Coverage and Risk for Commercial Catastrophic Insurance – July 21
• Using Ordinance and Law Insurance to Protect Your Property and Business Recovery – Aug. 27
• Trends in Commercial Non-Bank Lending: Evolving Strategies & Creating Operational Advantages – Sept. 9
• Fundamentals of Commercial Insurance Issues and Problems – Sept. 18
MBA members can register for any of the above events and view recent webinar recordings by clicking here.
For more information, please contact David Upbin at (202) 557-2931.
