Coalition Letter to HUD Requesting Update to Large Loan Policy for FHA Multifamily

On November 7 NAR signed on to a letter to the U.S. Department of Housing and Urban Development. The letter requests that the Department of Housing and Urban Development increase the large loan limit threshold found in the Multifamily Accelerated Processing (MAP) Guide from $75 million to $120 million and review certain loan requirements that are unreflective of market circumstances and unresponsive to borrower needs.