Government Affairs

MBA’s President and CEO Bob Broeksmit, CMB, released the following statement on the Department of Housing and Urban Development’s (HUD) announcement of changes to the minimum debt service coverage ratio (DSCR) and maximum loan-to-cost percentage (LTC) levels for Federal Housing Administration (FHA) multifamily loans:

MBA’s President and CEO Bob Broeksmit, CMB, issued the following statement on today’s Federal Housing Finance Agency (FHFA) and U.S. Treasury amendments to the Preferred Stock Purchase Agreements (PSPAs):

MBA’s President and CEO Bob Broeksmit, CMB, released the following statement on the passage of the bipartisan Homebuyers’ Privacy Protection Act (S. 3502) in the U.S. Senate:

Scott Olson, executive director of the Community Home Lenders of America (CHLA) released the following statement:

The Mortgage Bankers Association (MBA) and National Consumer Law Center (NCLC), along with the California Mortgage Bankers Association, Housing Policy Council, Jacksonville Area Legal Aid, Mortgage Bankers Association of Missouri, Mortgage Bankers Association of Florida, and Public Counsel of California issued the following joint statement in response to the Consumer Financial Protection Bureau’s (CFPB) final rule on consumer protections for residential Property Assessed Clean Energy (PACE) loans1. PACE programs offer financing to cover the costs of home improvements, most often energy efficiency improvements or solar installation, with the cost added to the homeowner’s tax bill.

The Mortgage Bankers Association (MBA) proposed the development of a new Ginnie Mae securitization designed to attract more private capital sources of liquidity to support Ginnie Mae issuers in the event of market stress or a severe economic downturn. 

The Housing Solutions Coalition (HSC), a broad coalition of housing groups, today issued a statement regarding President Biden’s proposed 5% corporate rent cap:

MBA’s President and CEO Bob Broeksmit, CMB, issued the following statement regarding the Federal Housing Finance Agency’s (FHFA) conditional approval of Freddie Mac’s new proposal to purchase certain closed-end second mortgages:

MBA President and CEO Bob Broeksmit, CMB, released the following statement on the Biden administration’s housing announcements today, which include extending indefinitely the Federal Housing Administration (FHA) and Federal Financing Bank (FFB) Risk Sharing program:

The National Housing Conference’s (NHC) President and CEO David M. Dworkin released the following statement in response to new actions announced by President Biden to boost the housing supply and lower housing costs: