MBA Comment Letter to HUD on Rental Boarder Income
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MBA offers comments on the Department of Housing and Urban Development’s (HUD) Draft Mortgagee Letter 2024-XX: Revisions to Policies for Rental Income from Boarders of the Subject Property (draft ML). We commend the Federal Housing Administration’s (FHA) efforts to expand eligibility through flexibilities in boarder income policies, recognizing the evolving dynamics of housing affordability and further aligning its policies with the Government Sponsored Enterprises.
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