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Mortgage Bankers Discuss 2002 Agenda

WASHINGTON, DC-Officials of the Mortgage Bankers Association of America gather at a news briefing to discuss the organization's plans for 2002. Among the goals on its plate for the year are encouraging the development of multifamily housing and urging Congress to put terrorism insurance legislation in place.

By Barbra Murray | Updated on January 28, 2002

WASHINGTON, DC-The Mortgage Bankers Association of America (MBA) has revealed its legislative priorities for the New Year, with multifamily development and terrorism insurance topping the list. Some of the goals are unfinished business from 2000.

Joining his MBA colleagues at a press briefing this week, MBA Chairman James M. Murphy said “we’re supporting the development of new multi-family production; our new rental housing production program will call on the House [of Representatives to take action].” The program calls for the use of Federal Housing Authority mortgage insurance, along with interest-rate subsidies, to spur private developers to create rental housing affordable for families earning between 60% and 100% of the regional median income.

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