Commercial real-estate (CRE) has been suffering from the increase in remote work, rising interest rates and subsequently higher mortgage costs to landlords. Occupancy rates in class-B/C commercial office spaces have been dropping since Q4 2021....
Read MoreThe Wall Street Journal (WSJ) reported that investors are anxiously awaiting the sale of Silicon Valley Bank’s (SVB) roughly $78 billion agency RMBS. Although the “market is deep enough to absorb even large liquidations,” increased supply in...
Read MoreAccording to a report from data analytics firm Black Knight, rate lock count for residential mortgages fell in February to a level 42% below this time last year and 35% below pre-pandemic 2020 as borrowers...
Read MoreThe FHFA announced a delay in the implementation of a new up-front fee on Fannie Mae and Freddie Mac borrowers with higher debt-to-income ratios. Citing concerns that the combined effect of this fee and other...
Read MoreOn March 6, FDIC Chairman Martin Gruenberg spoke at the Institute of International Bankers where he discussed the risks facing banks brought on by macroeconomic uncertainty. In discussing the trends that will likely affect banks’...
Read MoreCommercial Property Assessed Clean Energy (C-PACE) legislation, a financing program intended to put carbon reduction projects within reach of developers, has been enacted in 38 states, setting the stage for increases in originations and securitization...
Read MoreGinnie Mae has announced All-Participants Memorandum (APM) to reduce the minimum pool size for Home Equity Conversion MBS, commonly known as reverse mortgages. By reducing the minimum size from $1M to $250K, Ginnie Mae hopes to decrease...
Read MoreThe Federal Housing Finance Agency (FHFA) issued a Request for Input (RFI) on social bond policies for Fannie Mae and Freddie Mac (the GSEs). The RFI is intended to identify risks and opportunities for the GSEs to...
Read MoreSenate Banking Committee Writes to Federal Housing Finance Agency Senator Sherrod Brown (D-OH), Chair of the US Senate Committee on Banking, Housing and Urban Affairs, along with Jack Reed (D-RI), Ron Wyden (D-OR) and Elizabeth...
Read MoreThe Structured Finance Association (SFA) applauded the decision today by the Federal Housing Finance Agency to lower the previously announced UMBS Fee from 50 basis points to 9.375 basis points, a reduction of more than 80...
Read MoreSFA Submits Letter to GSEs in Response to Their Proposed Single-Family Social Index On January 5, 2023, on behalf of our investor members SFA submitted a letter to Fannie Mae and Freddie Mac (the GSEs)...
Read MoreFHFA Releases 2023 Scorecard for Fannie Mae, Freddie Mac On January 4, the Federal Housing Finance Agency (FHFA) released its 2023 Scorecard for Fannie Mae and Freddie Mac. This scorecard focuses on goals that will...
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