Lending, AD&C (Acquisition, Development & Construction) Financing, Mortgages

(Dec 2016) 5 Negotiating Tips for Construction Loan Financing - NAHB Now

(Oct. 2014) Five Reasons Why Lenders Should Make Non-QM Loans - National Mortgage News

(Jan. 2014) What Members Need to Know Regarding Changes to the Home Financing Process - from NAHB

(Nov. 2013) Consequences of the Foreclosure Crisis - HUD User

(1-22-13) Newly Published Qualified Mortgage Rule Strikes Good Balance - from NAHB

NAHB Asks for Restrictive Mortgage Lending Rule to Go Back to the Drawing Board: In its Aug. 1, 2011, comments on the Credit Risk Retention rule proposed jointly by six federal agencies in March, NAHB suggested that the regulators should go back to the drawing board to come up with a plan for mortgage lending that would not hinder the housing recovery that is slowly beginning to materialize.

Drawing the most concern from home builders are the rule's proposed underwriting standards for a qualified residential mortgage (QRM), which would be exempt from a requirement in the Dodd-Frank Act passed last summer for loan originators and securitizers to hold at least 5% of the credit risk of a mortgage between them. Loans that don't meet the QRM standard would be significantly less favorable for borrowers than those that do, NAHB said, which would seriously disrupt the housing market by making mortgages unavailable or unnecessarily expensive for many creditworthy borrowers.

(May 2011) Wall Street Journal letter to the editor about Fannie and Freddie, by NAHB Chair Bob Nielsen

(Nov 2010) Mortgage Interest Deduction Under Attack

CT Housing Finance Authority (CHFA) Income and Sales Price Limits.

Housing Finance Policies - see NAHB's resources

The HBRA of CT was invited to testify before a Dec. 9, 2009, joint invitational hearing by the state legislature's Commerce and Banks Committees. HBRACT's testimony outlines the depth of the credit crisis and how it is impacting home building, and highlights the NAHB Survey of Builders on Finance Conditions. NAHB's Survey on AD&C Lending.

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