Bloomberg News, Nov. 15, 2023The November 9th article, “US Veterans Got a Mortgage Break. Now They’re Losing Their Homes,” is a misleading depiction of the successful work policymakers and mortgage …
Category: Top National News
FHFA Announces GSEs’ 2024 Multifamily Volume Caps
Multifamily Executive, Nov. 15, 2023–Christine SerlinBob Broeksmit, president and CEO of the Mortgage Bankers Association, noted that the caps are reasonable, ‘given the challenging market conditions and high interest rate …
The Most and Least Expensive Metros for SFR Rents
GlobeSt, Nov. 15, 2023-Erik ShermanEconomically affordable rents are an issue of social stability and so, therefore, one of commercial real estate sustainability.Click here for more
Mortgage Industry to Biden: Cut Homebuyers’ Costs More
The Wall Street Journal, Nov. 15, 2023-Andrew AckermanA federal housing agency said its financial reserves remain near record levels, even after it cut fees for first-time and lower-income home buyers. …
Biden Administration Promotes First-Time Homebuyers Helped by FHA Programs in New Report
NBC News, Nov. 15, 2023-Megan LebowitzThe Department of Housing and Urban Development is highlighting homeownership figures for first-time homebuyers in an annual report from the Federal Housing Administration released Wednesday.Click …
FHFA Sets Lower Multifamily Loan Caps for GSEs in 2024
MPA, Nov. 15, 2023-Candyd MendozaThe Federal Housing Finance Agency (FHFA) has set the 2024 multifamily loan purchase limits for Fannie Mae and Freddie Mac at $70 billion each, based on …
The Average IMB Lost $1,015 Per Loan in Q3, Nearly Doubling Q2 Losses: MBA
HousingWire, Nov. 14, 2023-Connie KimIndependent mortgage banks (IMBs) and mortgage subsidiaries of chartered banks reported an average net loss of $1,015 on each loan they originated in the third quarter …
FHFA Exempts Workforce Housing from Caps
Connect CRE, Nov. 15, 2023–Paul BubnyFor 2024, loans classified as supporting workforce housing properties will be exempt from the GSE multifamily volume caps, FHFA said. All other mission-driven loans remain …
When Will the CRE Pain Stop? This Economist Says He Knows
GlobeSt.com, Nov. 13, 2023—-Erika MorphyEverywhere you look, there is pain for the commercial real estate industry. By now we understand the path that got us here. The only question executives …
Apartment Rents Drop Even in High-Flying Markets
GlobeSt, Nov. 14, 2023-Philippa MaisterFlorida, once the highest-flying state in the U.S. for apartment rent increases, is now seeing rents fall in many cities while rents rise in the U.S. …