MBA’s President and CEO Bob Broeksmit, CMB, released a statement regarding the Department of Housing and Urban Development’s (HUD) announced proposal to level upfront and annual mortgage insurance premiums for its Federal Housing Administration (FHA) Multifamily Accelerated Processing (MAP) programs.
Tag: FHA
MBA Asks HUD to Update FHA Multifamily Accelerated Processing Program
MBA sent the Department of Housing and Urban Development a letter urging the agency to consider some updates to its FHA Multifamily Accelerated Processing program to lower housing costs and boost housing supply.
FHA Releases New Draft ML on Cyber Incident Reporting; Letter Includes Adjustments Closer to MBA Suggestions
The Federal Housing Administration posted a new draft Mortgagee Letter: Revised Cyber Incident Reporting Requirements on its Single-Family Housing Drafting Table. It provides updated requirements for when FHA-approved mortgagees must notify the Department of Housing and Urban Development when a reportable cyber incident occurs.
FHA Multifamily Section 232 Underwriter Virtual Workshop July 25-August 10
MBA Education is pleased to offer a first-of-its-kind virtual workshop training series covering key underwriting considerations including current HUD requirements that FHA Section 232 underwriters need to know when underwriting …
FHA Increases Threshold for Large Multifamily Loans to Be Eligible for Standard Underwriting
The Federal Housing Administration on Wednesday increased the threshold at which a multifamily loan is considered a large loan from $75 million to $120 million. The Mortgage Bankers Association commended the move.
Q&A With M&T Realty Capital’s Michael Berman, CMB, and Jeffrey Rodman
MBA NewsLink interviewed M&T Realty Capital Corporation President & CEO Michael Berman, CMB, and Affordable Housing Program Manager Jeffrey Rodman about MTRCC’s business lines and affordable housing efforts.
CREF Highlights June 4, 2020
Commercial and multifamily developments and activities from MBA relevant to your business and our industry.
Senate Approves Montgomery HUD Nomination; Dana Wade FHA Nomination Next Up
It seemed like it took forever—and in political terms, seven months feels like forever—but Brian Montgomery is finally, officially, HUD Deputy Secretary.
CREF Highlights
Commercial and multifamily developments and activities from MBA relevant to your business and our industry.
HUD Announces New CARES Act Mortgage Payment Relief Guidance
HUD announced new mortgage payment relief guidance under the CARES Act for borrowers with multifamily mortgages insured by FHA or borrowers participating in other HUD multifamily housing programs.