Multifamily

The reductions in the multifamily goals for 2023 to 2024 compared to those from the period before suggest that these goals will have little, if any, impact on the GSEs' multifamily operations in future years, writes a former principal economist with the Federal Housing Finance Agency.

The sector is not immune to the same economic instability that affects the single-family residential market, the Mortgage Bankers Association said.

The Federal Housing Finance Agency is reducing the amount lenders can sell to a government-sponsored enterprise by $3 billion next year.

The Federal Housing Administration also announced it would incorporate similar borrower history into its underwriting beginning at the end of October.

A "Big 3" credit bureau is testing a direct data feed into a FICO score, and a top multifamily mortgage lender signed a multiyear contract with a high-profile fintech platform.

The Federal Housing Finance Agency wants to change some of the government-sponsored enterprises' targets in ways that could create more low-income rental units as higher costs squeeze tenants.

The nation's capital leads in live-work-play rental construction while interest rates are pricing out young potential buyers from the market.

Volumes set a record in 2021 and they've held up better than expected this year, but declines are forecasted for the sector some banks are using to partially offset single-family's slump.

These standalone properties make up nearly half of all rental units and the financing of them by Fannie Mae and Freddie Mac should reflected in the Federal Housing Finance Agency's affordable housing goal calculations, writes Manchester.

Renters are three times more likely to miss their scheduled payment than homeowners, an affiliate of the Mortgage Bankers Association found.