One out of every three securitized office mortgages that expired during the first nine months of 2023 was paid off by the end of September, according to Moody’s Analytics. This share is well below that...
Read MoreDelve into an in-depth analysis exploring recent fluctuations in U.S. home prices and mortgage interest rates authored by W. Scott Frame, Chief Economist & Head of Policy at Structured Finance Association, and Kristopher Gerardi, Senior...
Read MoreAccording to the Wall Street Journal, foreclosures on higher-risk commercial property loans – particularly mezzanine loans – are increasing. Mezzanine financing, which often serves as second-lien debt, allows borrowers to meet tighter bank underwriting standards....
Read MoreProposals to convert vacant office space to multifamily housing face financing and development challenges. Support from the government through tax incentives and grants may not be enough for investors to get on board, as residential...
Read MoreSignature Bank held $33 billion in commercial real estate (CRE) loans that are likely to be sold at steep discounts, 15%- 40% under the original value. Most of Signature’s CRE portfolio is in the New...
Read MoreOn October 31, the FHFA released its National House Price Index for August 2023 and its Annual Housing Report for 2022. According to the House Price Index, average home prices rose 0.6% from July to...
Read MoreThe Biden Administration released a plan to support the conversion of high-vacancy commercial real-estate into residential units, building off the White House Housing Supply Action Plan. The Department of Transportation and Department of Housing and...
Read MoreCRE lending levels are decreasing as default risks on expiring debt loom. Investor demand to develop or buy CRE has diminished under the pressure of rising costs, resulting in the number of new commercial construction...
Read MoreHigh mortgage rates have brought residential property sales to their lowest level since the 2008 subprime crisis. According to Freddie Mac, the average rate on a 30-year fixed rate mortgage rose to 7.57%, putting a...
Read MoreIn response to industry concerns, the FHFA plans to broaden its reps and warrant loan repurchase policies to include loans that have successfully exited a Covid-19 forbearance plan. In prepared remarks before an industry conference,...
Read MoreData from CoreLogic found that, while the risk of mortgage fraud had decreased annually by 3.1%, this increased 1.6% during Q1 and Q2 2023. According to CoreLogic, fraud rose annually in five of six categories,...
Read MoreHome prices have continued to rise, despite significantly higher mortgage rates. However, investors who were active home buyers during the pandemic, have stepped back due to increased financing costs and slow rent growth. As a reflection...
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