According to a recent Commercial Mortgage Alert article Fannie and Freddie have become more conservative with credit exceptions and maximum proceeds. Compared to the lower debt-service coverage ratios and longer amortization schedules observed in the previous year, “Fannie’s delegated underwriting and servicing program booked $5.28 billion of activity in December, putting its full-year total at $69.30 billion, according to Recursion Co. data”, below the $75 billion cap set by Federal Housing Finance Agency. In the article, Recursion Co. was described as a data source “which historically has closely matched official production figures.”
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The article can be found on the Commercial Mortgage Alert website (paywall).
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