Mortgage 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...
Read MoreOn 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...
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