Treasury Department Issues Guidance to Increase Affordable Housing Supply

The Treasury Department issued new guidance Wednesday to increase state, local and tribal governments’ ability to use American Rescue Plan funds to increase affordable housing. The Mortgage Bankers Association commended the Biden administration for its commitment to addressing the ongoing housing shortage.

‘Rise and Thrive:’ Bob Broeksmit, CMB, Opens CREF22

SAN DIEGO—Mortgage Bankers Association President & CEO Bob Broeksmit CMB, opened the MBA 2022 Commercial/Multifamily Finance Convention and Expo with a welcome back—it was the first live CREF Convention since 2020—and a call to action.

Administration Announces Steps to Increase Affordable Housing Supply

The Biden Administration on Wednesday announced a number of steps aimed at creating, preserving and selling to homeowners and non-profits nearly 100,000 additional affordable homes for homeowners and renters over the next three years, with an emphasis on the lower and middle segments of the market.

MBA: GSE Compensation Should be Sufficient to Attract Best Talent

The most important asset Fannie Mae, Freddie Mac and the Federal Home Loan Banks have is their human capital, so their compensation must be sufficient to attract and retain top talent, the Mortgage Bankers Association said in a letter to the Federal Housing Finance Agency Tuesday.