MBA Statement on HUD’s Proposal to Level FHA Multifamily Mortgage Insurance Premiums

MBA’s President and CEO Bob Broeksmit, CMB, released the following 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:

“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.”