Fannie Mae interim CEO David Benson announced November 8 that Fannie Mae is anticipating declines in home values to reach 1.9% for the second half of 2022 and 1.5% in 2023. Additionally, in anticipation of the home value declines both Fannie Mae and Freddie have set aside $2.5 billion and $1.8 billion, respectively, of credit loss builds to weather the current tumultuous mortgage market and the “lower observed and forecasted house price appreciation.”
Fannie and Freddie Earmark Funds for Expected Housing Market Deterioration
Published on November 11, 2022
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