Home price deceleration forced Fannie and Freddie to set aside money for potential losses on the single-family side, while high interest rates are the major risk for multifamily. (Includes data chart.)
New York-based Basis Multifamily Finance becomes the first minority/women-owned business enterprise in Fannie Mae’s Delegated Underwriter and Servicer Program.
Sales of refinance loans plummeted to the lowest level in at least eight years. But purchase-mortgage sales had a bad month too. (Includes two data charts.)