The Federal Housing Finance Agency today released additional guidance for guidelines published in 2021 on adverse and non-adverse classification of assets at Fannie Mae, Freddie Mac and the Federal Home Loan Banks. The new document elaborates on certain elements in the guidelines and provides clarifications related to asset classifications, loss-classified balance calculations and other accounting topics.
ABA DataBank: Planned/announced office conversions spike
With low housing supply continuing to be a concern, planned conversions of office commercial real estate into residential units are starting to pick up.