The Mortgage Bankers Association asked HUD for assurance that servicers will not be held accountable for compliance with the new National Standards for the Physical Inspection of Real Estate (NSPIRE) system until it is “fully accessible and usable to each participant.”
Tag: HUD
Commercial/Multifamily Briefs, June 6, 2024
Industry news from Alliant Credit Union and the U.S. Department of Housing and Urban Development.
MBA Statement on HUD Updates to Wind and Named Storm Requirements
MBA’s President and CEO Bob Broeksmit, CMB, released a following regarding the Department of Housing and Urban Development’s (HUD) updates to its wind and named storm policy for Federal Housing Administration (FHA) multifamily loans.
MBA Statement on HUD’s Federal Flood Risk Management Standard Final Rule
MBA President and CEO Bob Broeksmit, CMB, released a statement regarding the Department of Housing and Urban Development’s Federal Flood Risk Management Standard final rule.
Commercial and Multifamily People in the News April 25, 2024
Industry personnel news from HUD, JLL and Greystone.
HUD Secretary Marcia L. Fudge to Resign March 22
Marcia L. Fudge, the 18th Secretary of the U.S. Department of Housing and Urban Development, announced she will resign effective March 22, 2024.
Commercial/Multifamily Briefs, Nov. 9, 2023
Industry news from M&T Realty Capital Corp., City First Bank, NewPoint and HUD.
Commercial/Multifamily People in the News Sept. 28, 2023
CBRE announced two personnel changes in Debt and Structured Finance.
HUD Updates Fair Market Rents; Releases $113M in Vouchers
HUD on Thursday published Fair Market Rents for Fiscal Year 2024 and released an additional $113 million in Housing Choice Vouchers to help 9,500 families to meet growing costs.
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.