According to the Wall Street Journal, defaults are reaching historic levels in the office sector, with $38 billion of commercial real-estate (CRE) debt in distress according to data from MSCI.

FHFA’s House Price Index was published for February 2024 and indicates a 1.2% increase in home prices from January, with prices rising 7.0% YoY.

The Wall Street Journal reports that there are state-level bipartisan proposals to quell institutional investing in the single-family home market.

The Federal Reserve voted to keep the federal funds rate in the range of 5.25% to 5.5%, the highest level in 22 years.

According to the New York Times, credit bureaus are urging Buy Now, Pay Later (BNPL) lenders to report these loans to the bureaus to help borrowers create a credit history.

The Wall Street Journal reports that private equity and asset management firms continue to grow and now rival the largest banks.

On April 16, the FHFA announced a new product proposal for Freddie Mac to purchase closed-end second mortgages, aimed at offering borrowers more affordable options to leverage home equity than obtaining a cash-out refinance.

The Wall Street Journal reports that most Americans aged 60 and older are not planning to move from their current homes.

Federal Reserve Chair Jerome Powell suggested on Tuesday that strong first-quarter inflation figures have prompted uncertainty regarding potential interest rate cuts beginning this summer.

In March Fannie Mae introduced its first mortgage-backed securities (MBS) featuring Mission Index scores.