Quote: Tuesday Feb. 28, 2023

“The lower premiums will expand homeownership opportunities by lowering mortgage payments for qualified FHA borrowers, providing critical relief from the steep rise in mortgage rates and home prices just in time for the spring buying season. This will especially help minority homebuyers and low-and moderate-income households who are predominantly served by FHA loans.”
–MBA President & CEO Robert Broeksmit, CMB.

MBA: 4Q Mortgage Delinquencies Increase

Mortgage delinquencies rose to near 4 percent in the fourth quarter, the Mortgage Bankers Association reported Thursday, but remained near survey lows.

#MBACREF23: Multifamily Leadership Perspectives

SAN DIEGO–Senior government executives visited the MBA Commercial/Multifamily Finance Convention & Expo 2023 to discuss their successes and challenges, including how to increase the national supply of affordable housing.

FHA Seeks Input on 203(k) Rehab Mortgage Insurance Program

The Federal Housing Administration last week published a Request for Information in the Federal Register seeking public comments on ways it can enhance its Single-Family 203(k) Rehabilitation Mortgage Insurance Program.