The Federal Housing Finance Agency on Friday announced 2023 multifamily loan purchase caps for Fannie Mae and Freddie Mac will be $75 billion for each Enterprise (for a total of $150 billion).
Category: News and Trends
3Q Fraud Index Shows Increase in Multifamily Risk
CoreLogic, Irvine, Calif., said its National Mortgage Fraud Risk Index showed little change in the third quarter, although it noted a “significant” increase in risk levels for multifamily purchases.
MBA: 3Q Mortgage Delinquencies Fall to New Survey Low
The Mortgage Bankers Association on Thursday released its 3rd Quarter National Delinquency Survey, reporting delinquency rate for mortgage loans on one-to-four-unit residential properties fell to its lowest level since the Survey’s inception.
MBA Announces 2023 Affordable Homeownership Advisory Council Membership
The Mortgage Bankers Association announced members of its 2023 Affordable Homeownership Advisory Council. The Affordable Homeownership Advisory Council was formed in 2019 to provide important strategic and practical guidance to MBA’s CONVERGENCE Initiative, the association’s affordable housing effort.
Fitch: Most Maturing CMBS Conduit Loans Can Refinance
Maturing commercial mortgage-backed securities loans have elevated refinancing risk due to rising interest rates and a weakening macroeconomic outlook, reported Fitch Ratings, New York.
MBA Servicing Solutions Conference & Expo in Orlando Feb. 21-24
The Mortgage Bankers Associations Servicing Solutions Conference & Expo, Roadmap to Servicing Success, takes place Feb. 21-24 at the Hyatt Regency Orlando.
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“For the second quarter in a row, the mortgage delinquency rate fell to its lowest level since MBA’s survey began in 1979. Foreclosure starts and loans in the process of foreclosure also dropped in the third quarter to levels further below their historical averages. The relatively small number of seriously delinquent homeowners are working with their mortgage servicers to find foreclosure alternatives, including loan workouts that allow for home retention.”
–Marina Walsh, CMB, MBA Vice President of Industry Analysis.
Fannie Mae Consumer Survey Falls to Record Low
Fannie Mae, Washington, D.C., said its monthly Home Purchase Sentiment Index fell by 4.1 points in October to 56.7, its eighth consecutive monthly decline and lowest reading since inception of the index in 2011.
Homebuyers, Sellers Have Plenty of Market Misconceptions
Amid a volatile and rapidly changing housing market, many homebuyers and home sellers have unrealistic expectations about their prospects, according to a Zillow survey of real estate agents.
MISMO Seeks Member Comment on Bids Wanted in Competition Dataset
MISMO®, the real estate finance industry standards organization, seeks public comment on a new Bids Wanted in Competition dataset, which allows mortgage originators and dealers to automate the bidding process for mortgage-backed-securities.