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.

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.

When interest rates on mortgages rise, young and middle-income consumers fall away from the mortgage market, according to a working paper from FHFA.

FHFA issued changes to RPL/NPL sales in a new fact sheet, addressing some concerns raised by critics of previous sale policies.

In M&A news, Ellington Financial has agreed to buy Great Ajax in all-stock deal.

“What you don’t want to have to do is sell those assets when rates are so much higher because you’re going to take a loss,” Teresa Bazemore, CEO of the Federal Home Loan Bank of San Francisco, said of bank holdings on MBS.

New rules on NPL/RPL sales appear to address Congressional criticism of these programs, but FHFA data may belie those complaints.

FHLB San Francisco CEO Teresa Bazemore argues that the system’s dual mandates of supporting housing and providing liquidity for FHLBank members are related.