Friday, 7 October 2022 | The Latest Buzz for the Appraisal Industry

MBA, NFHA Introduce Toolkit for Lenders for SPCPs for Underserved Communities

The Mortgage Bankers Association (MBA) and National Fair Housing Alliance (NFHA) have debuted a new online toolkit for mortgage lenders interested in developing Special Purpose Credit Programs (SPCP). SPCPs permit lenders to offer mortgage credit to economically and socially disadvantaged borrowers and are an important tool for ensuring financial institutions can meet the needs of their consumers.

“MBA is committed to bringing the mortgage industry together to develop effective policy and resources to help

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