Interest Rate Adjustments and Fair Housing Survey
RE: Memo No. 10-08
- Interest Rate Adjustment - Mortgage$aver (1+1) Program
- Interest Rate Adjustment - Mortgage Booster/Tax Credit Loan Program
- Fair Housing Survey
Interest Rate Adjustment-Mortgage$aver 1+1 Program
Due to positive market conditions, MFA is decreasing the interest rate on the Mortgage$aver 1+1 program from 5.25% to 4.875%. The rate adjustment will take effect on reservations made after 8:00 AM on April 26, 2010.
Interest Rate Adjustment-Mortgage Booster/Tax Credit Loan Program
Due to the increased cost of providing funding for the Mortgage Booster/Tax Credit Loan Programs and in an effort to simplify the origination/closing process, MFA is permanently increasing the interest rate for the Mortgage Booster/Tax Credit Loan Program form the current rate of 5.75% to 6.0%.
The interest rate for the Mortgage Booster/Tax Credit Loan Program will remain at 6% indefinitely and is not intended to adjust with each new bond issue, as has been the policy for the past few years. The interest rate adjustment will take effect on reservations made after 8:00 AM on April 26, 2010.
2010 Fair Housing Survey
The New Mexico Mortgage Finance Authority and the State of New Mexico are conducting a study concerning fair housing compliance and impediments to fair housing choice throughout the state. This study will analyze mortgage application data, fair housing complaints and the fair housing service delivery system, as well as media reports regarding fair housing. The study also depends on the opinions and experiences of people who are knowledgeable about housing and fair housing compliance issues.
Known as the “Analysis of Impediments to Fair Housing Choice,” the study is required by the Department of Housing and Urban Development. The goals of the research are to identify whether barriers and adverse policies exist in a variety of areas, including housing rentals and sales, banking, insurance, and real estate industries.
your input is essential to ensuring thorough representation of the views held by those in the housing industry. Your comments will remain anonymous. We realize that you are very busy, but we hope you’ll have the time to participate in this important study. It should take less than 10 minutes of your time. Please click on the following link to take the survey.
