Declining multifamily valuations are pushing up capitalization rates while reducing debt service coverage ratios.

The new framework for social bonds links them more directly to the Mission Index, formerly known as the Social Index.

The new data points should speed up delivery for lenders. Starting June 3, lenders will be able to enter the new ULDD collateral data points.

Roy Swan, Freddie’s new director, will bring a wealth of impact investment experience to the board.

The new Mission Index will be used to determine which single-family MBS can be designated social bonds.

Bank of America issued a resecuritization this week tied to a 2017 multifamily K-deal. It’s the first rated issuance of its kind from BofA since 2016. The new resecuritization received an A- rating.

Counterintuitively, the bi-merge will increase the number of credit pulls necessary to complete the average mortgage loan application. Consumers will ultimately pay for those extra pulls.

At the direction of the Federal Housing Finance Agency, Fannie Mae and Freddie Mac are reformulating their Social Index to make it more attractive to investors while still protecting the privacy of borrowers.

The government-sponsored enterprise said it has identified a significant number of fraudulent appraisals tied to mortgages originated between 2021 and 2023.

New attributes will give investors a better understanding of the status and pace of MBS prepayments.