“Thanks to Secretary Fudge, we’ve helped first-time homebuyers, and we are working to cut the cost of renting. And there are more housing units under construction right now than at any time in the last 50 years.”
–President Joe Biden, discussing HUD Secretary Marcia L. Fudge
At a House Financial Services Committee hearing Thursday, HUD Secretary Marcia Fudge suggested the agency would consider eliminating life-of-loan premium requirements for FHA-backed mortgages.
On Friday, HUD and the Biden Administration announced two updates to increase housing supply and improve housing affordability, including research on commercial-to-residential conversions. Mortgage Bankers Association President and CEO Robert Broeksmit, CMB, weighed in on the announcement.
On Friday, HUD and the Biden Administration announced two updates to increase housing supply and improve housing affordability, including research on commercial-to-residential conversions. Mortgage Bankers Association President and CEO Robert Broeksmit, CMB, weighed in on the announcement.
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.
The Mortgage Bankers Association endorsed an announcement by the Black Homeownership Collaborative to close the Black homeownership gap through its 7-point plan – a solutions-based initiative to increase Black homeownership by 3 million net new households by 2030.
The Mortgage Bankers Association endorsed an announcement by the Black Homeownership Collaborative to close the Black homeownership gap through its 7-point plan – a solutions-based initiative to increase Black homeownership by 3 million net new households by 2030.
The Mortgage Bankers Association endorsed an announcement by the Black Homeownership Collaborative to close the Black homeownership gap through its 7-point plan – a solutions-based initiative to increase Black homeownership by 3 million net new households by 2030.
MBA releases its weekly Forbearance & Call Volume Survey today. The survey has shown drops in loans in forbearance for 15 consecutive weeks and is threatening to show loans in forbearance falling under 4 percent for the first time in more than a year.
A little more than a month ago, Rep. Marcia Fudge, D-Ohio, voted “yes” to approve the American Rescue Plan, a nearly $2 trillion initiative by the Biden Administration to support the economy. Now, as HUD Secretary, it’s her job to put key provisions of the legislation into action.
