On June 22, the FHFA issued a fact sheet outlining new sale and reporting requirements for non-performing and reperforming loans (NPLs and RPLs) sold by Fannie Mae and Freddie Mac (Enterprises). The fact sheet presents...
Read MoreFannie Mae has released its revised projections for 2023 mortgage originations, $1.59 trillion, a significant drop from January’s report at $1.65 trillion. Largely attributed to the lack of inventory for existing homes, home prices have...
Read MoreOn June 23, the House of Representatives passed the “Middle Class Borrower Protection Act of 2023,” legislation sponsored by Rep. Warren Davidson (R-Ohio) that aims to rescind the controversial changes to loan-level pricing adjustments (LLPA)...
Read MoreDespite facing higher home prices and borrowing costs, below-median family income households have seen a 5.4% increase in homeownership since 2016. Comparatively, the above median-family income homeownership rose only 0.8%. Freddie Mac predicts a 2.9%...
Read MoreAccording to the Wall Street Journal, across ten major metro areas, office buildings are operating at only 50% capacity compared to pre-pandemic levels, and public transportation ridership rates have plummeted by 70%, primarily due to...
Read MoreNew lease asking prices in the U.S. have risen by just under 2% during the last 12 months, marking a slowdown from the double-digit increases seen a year prior. Demand among renters is weakening amidst...
Read MoreWith approximately $1.5 trillion in commercial mortgages set to mature in the next three years, there are increasing concerns about potential defaults. Many of these mortgages are interest-only loans, which became increasingly popular as real...
Read MoreThe Federal Housing Finance Agency (FHFA) has released their House Price Index Report, revealing a rise in U.S. house prices by 4.3% between the first quarter of 2022 and 2023. Notable increases occurred in 43...
Read MoreThe Wall Street Journal reports that the Federal Housing Administration (FHA) is expected to propose a loss mitigation plan that would reduce monthly mortgage bills for borrowers who are unable to make their current loan...
Read MoreOn May 23, the House Financial Services Committee (HFSC) held a well-attended hearing titled "Protecting Homeowners and Taxpayers with FHFA Director Sandra Thompson.” A focal point of the hearing was the recent changes made by...
Read MoreAccording to the Wall Street Journal, the office building market is facing significant challenges as a result of declines in property values, due to a combination of factors, including lower return-to-office rates and demand for space...
Read MoreOn May 15th, the FHFA issued a request for input (RFI) regarding Fannie Mae and Freddie Mac’s (GSEs) single-family pricing framework. The RFI seeks to gather feedback on various aspects of the FHFA’s goals and priorities, and...
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