Both Fannie Mae and Freddie Mac will be subject to $88.0 million caps on their multifamily funding volume in 2026.

Some $11.98 billion of office-property financing was securitized in the first quarter, more than six times the volume in 4Q24.

NYMT has restructured its portfolio over the past two years to stop lending for multifamily properties and minimize funding of ground-up construction projects.

The share of mortgages in forbearance increased from 0.34% as of the end of September to 0.47% at the end of October, according to the Mortgage Bankers Association.

Some $30.44 billion of multifamily loans went into commercial MBS issuance in the third quarter, a 46.1% increase from the second quarter.

Home prices increased by 0.2% on a monthly basis in July, according to Redfin.

With the new securitization, Rocket's non-agency issuance of closed-end second liens will hit $2.19 billion for the year.

“There have been just two months in the past decade with fewer home sales [than in May 2024]: October 2023, when mortgage rates jumped to a 23-year high, and May 2020, when the onset of the pandemic brought the housing market to a halt and home sales to a record low,” Redfin said.

A big part of the gain in issuance came from deals backed by industrial properties...

Fitch said issues with commercial loans could prompt the failure of “a moderate number of predominantly smaller banks.”