FHA Policies and Programs
The FHA program serves a critical role in helping first-time and low- to moderate-income borrowers achieve homeownership throughout the country.
Overview: In the years following the financial crisis, the FHA program played a countercyclical role to help preserve the flow of mortgage credit. During that time, however, a number of lending institutions pulled back from the program due to concerns ranging from aggressive False Claim Act enforcement to complex servicing requirements to outdated technology and operating systems. MBA supports sensible reforms that would allow HUD to conduct proper risk management while ensuring that lenders benefit from clear, well-defined expectations.
Recent MBA Activity Related to FHA Policies and Programs
- Joint Trades Letter: Coalition to FHA on LIBOR Transition (December 6, 2021)
- Comment Letter: MBA Proposed FHA Handbook Origination Amendments (December 2, 2021)
- Comment Letter: MBA to HUD on Condominium Questionnaire Updates (August 27, 2020)
- Joint Trades Letter: Requesting Changes to FHA Student Loan Debt Underwriting Policy (August 3, 2020)
- Joint Trades Letter: Coalition to FHA on Early Payment Forbearance (June 9, 2020)
- Comment Letter: MBA to HUD on FHA Condominium Questionnaire (March 31, 2020)
- Joint Trades Letter: Coalition to FHA on Loan-Level Certifications (December 18, 2019)
- Joint Trades Letter: Coalition to FHA on Annual Certification (September 12, 2019)
- Joint Trades Letter: Coalition to FHA on Revisions to the Loan-Level Certifications and Defect Taxonomy (June 28, 2019)
- Joint Trades Letter: Request for Clarity on FHA Downpayment Assistance Requirements (June 24, 2019)
- Comment Letter: MBA to HUD on Fair Housing Act's Disparate Impact Standard (August 20, 2018)