Removing Barriers: MBA’s Policy Push to Make Construction Lending Easier
About this episode
John McMullen discusses the Mortgage Bankers Association's recent policy changes aimed at improving construction lending.
John McMullen, from the Mortgage Bankers Association, unpacks the recent policy shifts achieved through targeted industry advocacy. John details the MBA's direct influence on Fannie Mae and Freddie Mac, leading to immediate changes that will reshape the construction lending landscape. We cover the recent policy change of extending construction loan documentation to 18 months, the effort to secure upfront securitization for single-close construction-to-perm loans , and the exciting proposal to lower the completion threshold for HomeStyle renovation loans to 50% to spur more renovation activity.
People in this episode
Guest: John McMullen
Topics covered
- construction lending
- policy advocacy
- mortgage industry
- renovation loans
- Fannie Mae
- Freddie Mac
Keywords
- construction lending
- policy changes
- mortgage bankers
- Fannie Mae
- Freddie Mac
- renovation loans
- securitization
Mentioned in this episode
Organizations: Mortgage Bankers Association, Fannie Mae, Freddie Mac, HomeStyle
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- What Are the Forces Shaping the Future of Homebuilding?
- Unlocking the "Aha"
- Scaling Construction Lending: Luminate Bank’s Leap from Regional to National
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