Stevens' Statement on FHA’s Loan Quality Assurance Framework Standards

CONTACT
Rob Van Raaphorst
rvanraaphorst@mba.org
(202) 557- 2799

WASHINGTON, D.C. (June 18, 2015) - Statement by David H. Stevens, CEO Mortgage Bankers Association, on FHA's loan quality assurance framework standards.

"HUD's decision today to release the FHA loan quality assurance framework standards is a step in the right direction towards helping HUD focus on the most egregious risk in their portfolio and providing better clarity to lenders on which defects pose the greatest risk.

"There is more work that surely needs to be done and MBA believes that the industry's input on issues such as this must be an important part of the decision making process to expand homeownership opportunity.

"MBA looks forward to continuing to work with FHA and all stakeholders on this and other issues that can help restore a vibrant real estate market."