On Friday, the Federal Housing Finance Agency announced 2023 multifamily loan purchase caps for Fannie Mae and Freddie Mac will be $75 billion for each Enterprise (for a total of $150 billion). FHFA maintained the requirement that 50 percent of the Enterprises’ business must be for mission-driven affordable housing and added a new mission-driven category for workforce housing properties.
Tag: Pete Mills
MBA Advocacy Update Nov. 14 2022
On Friday, the Federal Housing Finance Agency announced 2023 multifamily loan purchase caps for Fannie Mae and Freddie Mac will be $75 billion for each Enterprise (for a total of $150 billion). FHFA maintained the requirement that 50 percent of the Enterprises’ business must be for mission-driven affordable housing and added a new mission-driven category for workforce housing properties.
MBA Advocacy Update Nov. 7, 2022
On Monday, MBA submitted comments to the Federal Housing Finance Agency’s ongoing comprehensive review of the Federal Home Loan Bank System. MBA reiterated its long-standing advocacy for responsible expansion of FHLB membership to critical providers of mortgage origination, servicing and investment activities – such as mortgage REITs and independent mortgage banks – to add diversity to the FHLB System and to provide stable liquidity sources for key players in the single-family and multifamily mortgage markets.
MBA Advocacy Update Nov. 7, 2022
On Monday, MBA submitted comments to the Federal Housing Finance Agency’s ongoing comprehensive review of the Federal Home Loan Bank System. MBA reiterated its long-standing advocacy for responsible expansion of FHLB membership to critical providers of mortgage origination, servicing and investment activities – such as mortgage REITs and independent mortgage banks – to add diversity to the FHLB System and to provide stable liquidity sources for key players in the single-family and multifamily mortgage markets.
MBA Advocacy Update Oct. 31 2022
Congratulations to Matt Rocco, Chairman of the Board and Chief Executive Officer of Grandbridge Real Estate Capital, for being sworn in as 2023 Chairman at MBA’s Annual Convention.
MBA Advocacy Update Oct. 31 2022
Congratulations to Matt Rocco, Chairman of the Board and Chief Executive Officer of Grandbridge Real Estate Capital, for being sworn in as 2023 Chairman at MBA’s Annual Convention.
MBA Advocacy Update Oct. 24 2022
On Friday, Ginnie Mae extended the mandatory implementation date of its recently announced risk-based capital requirement to December 31, 2024. On Wednesday, a federal appeals court found that the CFPB’s independent funding structure is unconstitutional
MBA Advocacy Update Oct. 24 2022
On Friday, Ginnie Mae extended the mandatory implementation date of its recently announced risk-based capital requirement to December 31, 2024. On Wednesday, a federal appeals court found that the CFPB’s independent funding structure is unconstitutional
MBA Advocacy Update Oct. 17, 2022
On Thursday, MBA and several industry trade groups – as part of the Black Homeownership Collaborative – submitted a letter to HUD urging the agency to reduce the annual mortgage insurance premium and suspend the life of loan requirement for borrowers with FHA-insured loans.
MBA Advocacy Update Oct. 17, 2022
On Thursday, MBA and several industry trade groups – as part of the Black Homeownership Collaborative – submitted a letter to HUD urging the agency to reduce the annual mortgage insurance premium and suspend the life of loan requirement for borrowers with FHA-insured loans.