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:
Women have returned to the workforce in near pre-pandemic numbers, but homeownership remains elusive for those who are single, reported Zillow, Seattle.
The commercial property pricing decline steepened in February, pulled down by a sharp fall in the apartment sector, reported MSCI, New York.
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, Denver, said a strong month-over-month increase in home sales during February could portend a more active spring selling market.