MBA Letter to Treasury and HUD on its Concerns Regarding the Federal Financing Bank (FFB) Risk-Sharing Program
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MBA writes to express our concern about the Biden administration’s continued focus on the Federal Financing Bank (FFB) Risk-Sharing Program. The FFB program creates direct and unfair competition with private sector lenders that participate in the Department of Housing and Urban Development’s (HUD) multifamily accelerated processing (MAP) program and may discourage their participation in the market in the future. The Administration should instead focus its efforts to increase supply on changes to the FHA MAP program and allow MAP lenders to access the FFB.
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