Comment Submitted by National Association of Mortgage Brokers
AnonymousSupportTrade association
Summary: The National Association of Mortgage Brokers (NAMB) supports modernizing the FHA's Minimum Property Requirements (MPRs) to make FHA loans more competitive with conventional financing. They recommend adopting the GSE property condition rating system, allowing for post-closing repairs on non-critical items, and consolidating fragmented guidance into a single policy document.
The National Association of Mortgage Brokers (NAMB) submits the attached comment in response to the Federal Housing Administration's Request for Information regarding Single Family Minimum Property Requirements (Docket No. FR6609-N-01). Thank you for the opportunity to provide comments on behalf of our industry.