Fed Slows Pace of Rate Hikes, But Hints at More
In its final policy meeting of an eventful year, the Federal Open Market Committee on Wednesday raised the federal funds rate for the seventh straight meeting, but by 50 basis points instead of 75 basis points, as it had for the past four times.
MISMO Names Jan Davis Acting President
MISMO®, the real estate finance industry standards organization, announced Vice President of Operations Jan Davis will serve as Acting President, following the departure of Seth Appleton, who will join U.S. Mortgage Insurers as President in early 2023.
MBA Releases Updated Affordable Housing Policy Agenda
The Mortgage Bankers Association this week released the second iteration of its Affordable Housing Policy Agenda.
FHFA Issues 2023-2024 GSE Multifamily Housing Goals
The Federal Housing Finance Agency on Wednesday issued its final rule for Fannie Mae and Freddie Mac that establishes the benchmark levels for their 2023 and 2024 multifamily housing goals.
Fitch: Potential Recession, Scarce Capital to Slow REITs Pandemic Recovery
Fitch Ratings, New York, said challenging economic and financial trends for U.S. real estate investment trusts will continue into 2023 after emerging in 2022.
MBA Offers FHFA Recommendations on Housing Equity
The Mortgage Bankers Association, in a letter to the Federal Housing Finance Agency, offered a set of recommendations addressing the Agency’s efforts to improve home equity, particularly with respect to the racial homeownership gap.