According 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...
Read MoreThe Wall Street Journal reports that defaults in collateralized loan obligations (CLOs) used to fund commercial real estate (CRE) purchases are on the rise. Nearly $88 billion in securitized commercial mortgages are at risk of...
Read MoreOn May 10, the Federal Housing Finance Agency (FHFA) announced that it has rescinded the loan-level pricing adjustment (LLPA) fees for Fannie Mae and Freddie Mac borrowers with a debt-to-income ratio (DTI) of 40% or...
Read MoreAccording to the Wall Street Journal, cost increases for bank-required interest-rate hedges for variable rate commercial real estate (CRE) mortgages are adding pressure for already stressed owners. A 3% interest cap for a $100 million...
Read MoreConsumer Finance Protection Bureau (CFPB) Director Chopra announced a Notice of Proposed Rulemaking (NPR) to address agency concerns with residential Property Assessed Clean Energy (PACE) loans. These loans tie the debt for energy efficient home...
Read MoreOn April 21, Fannie Mae’s Economic and Strategic (ESR) Group released their April Outlook, which predicted stronger first quarter GDP growth than previously anticipated. Housing demand and home prices had remained consistent in 2022, largely...
Read MoreThe Wall Street Journal (WSJ) reports that U.S. office vacancy rates reached 12.9%, higher than the worst of 2008. With remote-work and e-commerce reducing demand for office and retail spaces as interest rates rise, the...
Read MoreThe Wall Street Journal reports that life insurance companies, which have historically been a reliable source of capital raising for commercial real estate developers, are scaling back their lending activity. This latest market trend comes...
Read MoreThe FHFA issued a notice of proposed rulemaking (NPR) which includes updates to their Fair Lending, Fair Housing, and Equitable Housing Finance Plans for Fannie Mae and Freddie Mac (the GSEs) for 2023, based on...
Read MoreThe Consumer Financial Protection Bureau (CFPB) recently announced an update of its “Methodology for Determining Average Prime Offer Rates,” (APOR) with respect to federal mortgage rules. APORs are annual percentage rates derived from average interest...
Read MoreThe Federal Housing Finance Agency (FHFA) extended the comment period on Fannie Mae and Freddie Mac’s social bond index proposal to May 17, 2023, from the initial date of April 17, 2023. The Request for...
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