MBA’s President and CEO Bob Broeksmit, CMB, released a statement on HUD’s announcement of changes to the minimum debt service coverage ratio (DSCR) and maximum loan-to-cost percentage (LTC) levels for FHA multifamily loans.
Category: News and Trends
Quote of the Day
“Credit availability increased slightly in December, driven by more offerings for ARMs and cash out refinances that are primarily for borrowers with better credit,” said Joel Kan, MBA’s Vice President and Deputy Chief Economist
How to Navigate Mortgage Lending Compliance Challenges: Rafael DeLeon From Ncontracts
Let’s explore some of the most common compliance challenges mortgage lenders face and how automated compliance management processes can streamline risk mitigation.
About the MISMO Innovation Investment Fee
MISMO, the real estate finance industry’s standards organization, launched the Innovation Investment Fee in 2021 to allow lenders to support the important work necessary to foster efficiency, cost reduction, interoperability, digital transformation and innovation in the mortgage process.
Freddie Mac: Multifamily Originations, Rent to Rise in 2025
Freddie Mac, McLean, Va., forecasts multifamily originations will rise in 2025, while predicting modest rent growth and a slight increase in vacancy rates.
Quote of the Day
“MBA is leading the industry’s efforts with HUD to make its FHA multifamily lending programs less costly and more competitive, with a goal of increasing the supply of affordable rental housing in communities across the country.”
–MBA President and CEO Bob Broeksmit, CMB, on HUD’s announcement of changing the minimum debt service coverage ratio and maximum loan-to-cost percentage levels for FHA multifamily loans
Mortgage Applications Decrease in Latest MBA Weekly Survey
Mortgage applications decreased 3.7% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending Jan. 3, 2025.
Fannie Mae Reports Housing Sentiment Finishes 2024 Higher
Fannie Mae’s Home Purchase Sentiment Index decreased 1.9 points in December to 73.1 but remained substantially higher than year-ago levels due in part to ongoing mortgage rate optimism.
Neptune Flood: 20M Homes at Flood Risk, but Only 3.8M Insured
Neptune Flood, St. Petersburg, Fla., released an analysis of the U.S. residential flood insurance market, finding that while 20 million U.S. homes are at moderate-to-severe flood risk, only 3.8 million are insured.
How to Navigate Mortgage Lending Compliance Challenges: Ncontracts’ Rafael DeLeon
Let’s explore some of the most common compliance challenges mortgage lenders face and how automated compliance management processes can streamline risk mitigation.