MBA Advocacy Update, Mar. 27, 2023
On Thursday, the Federal Housing Finance Agency announced plans for stakeholder input as Fannie Mae and Freddie Mac work to replace the Classic FICO credit score model with the FICO 10T and the VantageScore 4.0 credit score models, and transition from requiring three credit reports (or “tri-merge”) to requiring two credit reports (or “bi-merge”) for single-family loan acquisitions.
MBA President and CEO Bob Broeksmit, CMB, on Recent Coverage of Uncertainty in Commercial Real Estate Markets
Bob Broeksmit, CMB, President and CEO of the Mortgage Bankers Association, issued the following on recent coverage of uncertainty in commercial real estate markets:
Homeownership Gender Gap Widening
Women have returned to the workforce in near pre-pandemic numbers, but homeownership remains elusive for those who are single, reported Zillow, Seattle.
Commercial Property Prices Down 7% From Year Ago
The commercial property pricing decline steepened in February, pulled down by a sharp fall in the apartment sector, reported MSCI, New York.
MBA Chart of the Week, Mar. 24, 2023: CRE Loans/FDIC-Insured Institutions
There is, not inappropriately, a great deal of attention being paid to commercial real estate right now. And with that attention come a lot of different questions and answers—with many answers varying depending on how one defines things.
RE/MAX: Home Sales Pick Up Ahead of Spring Selling Season
RE/MAX, Denver, said a strong month-over-month increase in home sales during February could portend a more active spring selling market.