Pricing on Fannie’s latest CRT offering topped out at average 30-day SOFR plus 685 bps for the 1B-2 class.

Delinquencies inched up slightly in the first quarter, despite remaining near historic lows. Meanwhile, loan forbearances rose while modifications declined.

The new value denotes multifamily properties where the borrower sponsors affordable units in cost-burdened or very cost-burdened areas.

The anonymized data from the voluntary survey give multifamily property owners insight into how their energy and water use compares to similar properties in other parts of the country.

Artificial intelligence can cut down on “stare and compare” tasks. But mortgage originations are so complex, and anxiety-provoking for borrowers, that humans are essential.

Low-income borrowers could divert some of their downpayment funds to a reserve account that would pay loan costs during emergencies in a pilot program proposed by the Urban Institute.

Warehouse bankers advise lenders to stay in contact with their funders as the market deals with low inventory and volatile interest rates.

The platform offers end-to-end support and closing times measured in days, not weeks.

After deploying new solutions for the non-QM market, Maxex has partnered with South Street Securities Holdings and Atlas Merchant Capital for a new equity investment round.

The non-agency secondary market has been slow recently. But three new securities show there’s still some action.