The Mortgage Bankers Association on Friday sent a letter to the Federal Housing Finance Agency expressing concerns regarding recently announced changes to loan-level price adjustments by Fannie Mae and Freddie Mac, particularly addition of an LLPA based on debt-to-income ratio.
Year-over-year single-family home price appreciation fell to to 6.9% in December to the lowest rate recorded since summer 2020, said CoreLogic, Irvine, Calif.
Black Knight, Jacksonville, Fla., said 57 percent of recent borrowers used rate buydowns to purchase a home, with nearly 25 percent paying two or more points upfront.
The finance and insurance industry supplanted the tech industry last year for the largest share of the top 100 largest office leases in the U.S., reported CBRE, Dallas.
At the end of this week, many of us will begin our annual migration to San Diego and to MBA’s Commercial/Multifamily Finance Convention & Expo (CREF23). There will be no lack of topics to discuss – from return to the office, to the return of retail, and interest in cap rates to interest rate caps.