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The latest report from Washington, D.C.-based Mortgage Bankers Association (MBA), released this week at its CREF/ Multifamily Housing Convention in San Diego, Calif., gives a glimpse into how multifamily lending fared to close out 2012.
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The Federal Housing Administration has raised the mortgage insurance premiums on several multifamily programs, despite heated protests from several large industry groups.
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The Federal Housing Administration recently sent notice that it will be increasing mortgage insurance premiums on multifamily loans in 2013. The multifamily industry begs to differ.
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More than 20 bills dealing with Fannie Mae, Freddie Mac, and housing finance reform in general have been proposed in the House of Representatives, but few if any have gained traction. Meanwhile, the GSEs continue to march toward profitability, potentially paving the way for a spin-off.
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A Republican majority in the House of Representatives would have a big impact on not only the content but also the timing of future housing finance legislation.
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Momentum is gathering in Congress for the creation of a market for covered bonds, a $3 trillion business in Europe.