Mortgage bankers could see benefits from a HUD interim rule that initiates a multifamily mortgage risk-sharing program between itself and federal housing agencies.

The Housing Community Development Act passed last year authorized HUD to do two types of risk shar with the federal housing finance agencies and another with Fannie Mae and Freddie Mac. HUD has recei proposals from both government-sponsored enterprises, which they call "reinsurance," but the housing agency program didn't take off until it was printed in the Federal Register Dec. 3. The department i applications from state and local housing finance agencies through Feb. 1.

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