FHFA 2021 Buy Caps Released – New Suggestions for Agencies – Score: 9

2 thoughts on “FHFA 2021 Buy Caps Released – New Suggestions for Agencies – Score: 9”

  1. I fully expect agencies to amplify their focus on B and C class properties to meet the 50% Mission Driven hurdle, especially in the last half of 2021 depending on their progress for the VLI hurdle. It will be interesting to see if there is any effect on Class A lending. If the focus is shifted far enough away from class A, I expect CMBS and large LifeCo to swoop in for market share.

    Let me know your thoughts on what these changes will amount to in 2021.

  2. Well, you also didn’t mention that the determination for what is mission driven also changed. Previously had a lot of markets where it was considered mission at 120% or AMI. Now it’s 80% across the board. So, certain markets it will be harder to qualify as mission, while other markets will be easier. A lot of noise on the statement issued from FHFA. The Agencies don’t seem worried about their ability to hit the 50% requirement.

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