10Y UST4.55%-0.44%30Y MTG6.55%+0.92%SOFR3.59%-0.83%VNQ$99.48-0.54%XLRE$45.23-0.42%FED FUNDS3.63%
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HousingWire · Capital

AD Mortgage flags condo reserve rules in FHFA letter

Via HousingWire · July 20, 2026
Compiled by Real Estate Trail Editorial · July 20, 2026

Why this matters

Capital markets activity continues to be defined by the rotation from bank balance sheets to non-bank lenders. Private credit funds have raised record dry powder; banks have tightened CRE underwriting standards for the sixth consecutive quarter. The result is a market where well-sponsored deals clear, and marginal credit pays a meaningful spread to do so. For LPs, the allocation conversation has shifted decisively toward real estate debt, with equity allocations being deployed more selectively into operator-led platforms.

Editorial analysis · AI-assisted

Excerpt from HousingWire:
AD Mortgage has launched a public policy initiative aimed at increasing its engagement with federal and state policymakers on housing finance issues, beginning with recommendations to the Federal Housing Finance Agenc…
Read the full article at HousingWire

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