REIT values can rise and fall depending on interest-rate swings. The good news is that rates have steadily dropped the past five weeks. The bad news: A rate cut by the Fed will need a recession to occur first.

The criteria include new calculations for property values and qualitative adjustments tied to loan-to-value ratio-sizing benchmarks.

UWM was the top originator of purchase loans for the first nine months of 2023, while Rocket held the lead in refinance lending. The FHA saw a rising share of purchase loans sold to the agencies in the third quarter. (Includes four data tables.)

The baseline loan limit for one-unit properties will be $766,550 next year. Home prices are projected to continue to rise in 2024 but the rate of growth is open to debate.

These are humbling times for warehouse firms that finance nonbanks. Commitments are down overall, as are usage rates. Also, it appears that Truist is having second thoughts about lending money to smaller nonbanks. (Includes data table.)

The Consumer Financial Protection Bureau’s outline of proposed amendments to the regulation implementing the Fair Credit Reporting Act lacked key details, financial services trade groups said in a joint letter.

With the prospect of a Fannie Mae title insurance pilot apparently off the table, critics turn their focus to attorney opinion letters.

Freedom Mortgage’s Allen Middleman has been named chair of the National Association of Mortgage Brokers’ inaugural board of governors that will advise the group on opportunities regarding outreach programs and policy issues.

Faster, better analysis of credit data means Fannie Mae can reduce some of the barriers to homeownership in “missing middle” housing.

In an analysis of CFPB Director Rohit Chopra’s leadership calendar, Inside the CFPB found he engages with several stakeholders outside of the agency’s walls, including frequent talks with trade groups and consumer advocates. (Includes data table.)