Process Improvement Column: MBA Praises Initiative To Raise FHA Multifamily Loan Limits
MBA President and CEO Bob Broeksmit, CMB, released the following statement regarding the introduction from Senators Ruben Gallego (D-AZ) and Dave McCormick (R-PA) of a bipartisan bill to increase Federal Housing Administration (FHA) multifamily statutory loan limits:
“MBA has long advocated for Congress to update FHA multifamily loan limits to levels that are consistent with housing and economic conditions,” said Broeksmit.
“We thank Senator Gallego and Senator McCormick for introducing the Housing Affordability Act and agree with them that a long-overdue increase in loan limits – the first in more than two decades – would boost the production of rental housing units and improve affordability,” continued Broeksmit.
“Housing affordability and availability must be a top priority for policymakers and regulators this year. In addition to advocating for this important bill with Senators on both sides of the aisle, we are pushing for the introduction of companion legislation in the House and passage in both chambers as soon as possible,” concluded Broeksmit.
Tony Garritano is the founder at PROGRESS in Lending Association. As a speaker Tony has worked hard to inform executives about how technology should be a tool used to further business objectives. For over 20 years he has worked as a journalist, researcher and speaker in the mortgage technology space. Starting PROGRESS in Lending Association was the next step for someone like Tony, who has dedicated his entire career to providing mortgage executives with the information that they need to make informed technology decisions to help their businesses succeed.
