MBA Commends HUD for Reproposed Draft of FHA Annual Lender Certification
|Rob Van Raaphorst|
WASHINGTON, D.C. (August 15, 2019) - Bob Broeksmit, President and CEO of the Mortgage Bankers Association (MBA), released the following statement regarding the U.S. Department of Housing and Urban Development's (HUD) reproposed draft of the Federal Housing Administration's (FHA) annual lender certification:
"MBA commends HUD for proposing these revisions to the annual lender certification and providing the opportunity for further stakeholder input. This is a vitally important step in HUD's efforts to create an environment in which lenders can operate with clarity and certainty regarding both FHA's requirements and potential penalties for noncompliance. We look forward to working with HUD on additional efforts to ensure a robust and safe FHA for borrowers, lenders, and taxpayers. These initiatives are critical to restoring more active participation in the FHA program from all types of lenders in order to serve first-time and low-to-moderate-income homebuyers."