The Federal Housing Administration (FHA) has published a request for information (RFI) seeking input on ways it can facilitate increased access to smaller-balance mortgages through its single-family insurance program.
This RFI is a part of The Department of Housing and Urban Development’s (HUD) 2022-26 strategic plan to support underserved communities and promote homeownership.
“The input we receive through this RFI will help us better understand how FHA can make small mortgages more broadly available and affordable for those who need them,” Federal Housing Commissioner Julia Gordon said. “The RFI responses will help drive our programmatic work to increase access to homeownership and to close the racial homeownership gap.”
Specifically, the RFI asks questions concerning:
- The current availability of small mortgage financing.
- Barriers and disincentives to small-mortgage lending transactions.
- Changes to policies or processes that would encourage origination of more FHA-insured small balance mortgages.
- Considerations regarding liquidity provided through securitization.
Comments may be submitted on or before Dec. 5, 2022.