Tag: Pete Mills

HUD issued updates to FHA mandatory flood insurance requirements and withdrew the mandatory use date for its FHA Catalyst EAD Module. Also, MBA last week participated in a White House meeting on tenant protections. Read more about these below:

With just a few races left to be finalized, Republicans secured a narrow House majority in the coming Congress earlier this week. And regardless of the December 6 Georgia runoff outcome, Democrats have retained their Senate majority. Leaders and key committee chairs in both chambers will be determined in the coming weeks. 

With just a few races left to be finalized, Republicans secured a narrow House majority in the coming Congress earlier this week. And regardless of the December 6 Georgia runoff outcome, Democrats have retained their Senate majority. Leaders and key committee chairs in both chambers will be determined in the coming weeks. 

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.

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.

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.

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.

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.

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.

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