MBA Applauds HUD Move on Multifamily Underwriting Enhancements  

MBA’s President and CEO Bob Broeksmit, CMB, released the following statement on HUD’s changes to the minimum debt service coverage ratio and maximum loan-to-cost percentage levels for Federal Housing Administration multifamily loans:

MBA, Industry Groups Send Joint Letter on Engagement of Borrowers in Default

The Mortgage Bankers Association, American Bankers Association, Housing Policy Council and the National Mortgage Servicing Association sent a joint letter on Sept. 13 to Assistant Secretary for Housing and Federal Housing Commissioner Julia Gordon, to serve as comments on the Draft Mortgagee Letter (ML), Modernization of Engagement of Borrowers in Default.

MBA, ABA Respond to CFPB’s Mortgage Servicing Proposal

The American Bankers Association and Mortgage Bankers Association issued a joint statement in response to the Consumer Financial Protection Bureau’s proposed rule, Streamlining Mortgage Servicing for Borrowers Experiencing Payment Difficulties; Regulation X.