On September 27, the CFPB released its annual report on residential mortgage lending trends for 2022. The report notes that the average monthly principal and interest payment for a new 30-year fixed-rate mortgage originations increased...
Read MoreAccording to the WSJ, commercial real-estate (CRE) insurance costs have risen 7.6% annually on average since 2017. Citing data from Moody’s Analytics, natural disasters, inflation, and a shrinking reinsurance market have pushed insurance premiums to...
Read MoreOn September 14, Ginne Mae announced the launch of a social bonds label for single-family MBS. Separately, on September 18, both Fannie Mae and Freddie Mac announced the expansion of single-family social disclosures for Super and Mega MBS pools. Read More
Read MoreOn September 11, the FHFA announced next steps in the adoption of new credit score requirements by Fannie Mae and Freddie Mac. The FHFA is forming stakeholder forums and listening sessions to solicit additional public...
Read MoreAccording to the Wall Street Journal, U.S. banks doubled their commercial real estate (CRE) lending between 2015 and 2022, with many loans originated by small and medium-sized banks. According to WSJ analysis, bank’s total exposure to...
Read MoreAccording to the Wall Street Journal, investors are finding opportunities in commercial real-estate (CRE). CRE owners have started to sell distressed properties at lower prices. Investor opportunities may continue to rise as CRE values have...
Read MoreMortgage real-estate investment trusts (REITs), which typically originate about $10 billion in loans per quarter, have significantly pulled back due to the downturn in the CRE sector. Mortgage REITs are scaling back originations to protect...
Read MoreApartment buildings, though typically viewed as a lower-risk commercial real-estate (CRE) investment, have not been immune to the recent downturn within the sector. The issue doesn’t wholly lie in lack of demand, but rather in...
Read MoreAccording to the Wall Street Journal, home insurers have struggled to maintain profitability throughout five of the past six years due to increased claims and inflation. To encourage profitability, home insurers are attempting to pass...
Read MoreBloomberg writes that a key feature of U.S. version of Basel III banking standards—which is set to be released on July7—will be risk weights for mortgages that would be 20% higher than the minimum Basel...
Read MoreIn a speech on July 18, Federal Reserve Vice Chair Barr voiced concerns regarding the use of artificial intelligence (AI) in mortgage underwriting. Barr stressed the importance of transparency in AI modelling and programs to...
Read MoreTo address ongoing commercial real-estate (CRE) concerns, the Federal Reserve, Federal Deposit Insurance Corporation (FDIC), Office of the Comptroller of the Currency, and the National Credit Union Administration released a joint policy statement on CRE...
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