The Government Accountability Office has issued new warnings about the public sector’s exposure to nonbank mortgage risks and said the Federal Housing Finance Agency and Ginnie Mae have agreed to do more to manage them. Processing Content The GAO indicated the nonbank share of the secondary mortgage markets that the FHFA oversees as conservator and […]
FHFA, Ginnie pledge tighter nonbank oversight Read More »
Fannie Mae’s net interest income from its core business rose during the fourth quarter, but its net earnings fell due largely to loan-loss provision adjustments and interest rate-related negative valuation changes. Processing Content The government-sponsored enterprise earned $3.5 billion and generated nearly $7.3 billion net interest income during the fourth quarter of 2025. In comparison,
Fannie Mae g-fee gains outweighed by loss provisions, valuations Read More »
Large construction companies and their lender partners could see imminent changes in Fannie Mae and Freddie Mac’s terms, according to Federal Housing Finance Agency Director Bill Pulte’s social media posts. Processing Content Pulte confirmed follow-through on plans to track the government-sponsored enterprises’ builder-related business in posts on X, noting that he has reviewed “pricing and terms,
FHFA’s Pulte plans pricing changes for builders, lenders Read More »
Taking advantage of falling interest rates, largely spurred by narrowing primary-secondary spreads resulting from a White House pronouncement, consumers stepped up rate lock activity, while lenders added products in January, separate reports noted. Processing Content On Jan. 8, Pres. Trump ordered Fannie Mae and Freddie Mac to purchase $200 billion of mortgage-backed securities. This came
Mortgage rate dip ignites refi boom in January Read More »
The government-sponsored enterprises’ move toward buying mortgage-backed securities to lower rates in the near term has raised questions about whether it diverts attention from broader reform efforts. Processing Content The answer appears to be that MBS buying could add to capital challenges at the margins, but ultimately it doesn’t do much to change the big
What Fannie Mae, Freddie Mac MBS purchases mean for reform Read More »
A group of eight Republican senators is again urging the Federal Emergency Management Agency to scrap Risk Rating 2.0, the flood insurance pricing overhaul implemented under the Biden administration. The request comes in a new letter led by Sen. Bill Cassidy of Louisiana, following a similar appeal he sent to FEMA last June. Processing Content
GOP senators push FEMA to scrap Risk Rating 2.0 Read More »
Trump administration officials respectively said Wednesday that Fannie Mae and Freddie Mac are “definitely ready” for a stock offering within a certain range and a conservatorship exit is an eventual goal. Processing Content Federal Housing Finance Agency Director Bill Pulte told Fox Business News that the GSEs could stage a secondary sale of 2.5-5% equity
GSE ‘IPO’ ready for 2.5-5% initial sale if Trump OKs: Pulte Read More »
Enjoy complimentary access to top ideas and insights — selected by our editors.Want unlimited access to top ideas and insights? Subscribe Now During 2025, the normal caution that usually accompanies matters of finance was suspended. Many stocks and asset classes from AI to crypto tokens achieved lofty heights based upon less than realistic appraisals much
Urban multifamily looks like the new subprime Read More »
Newly released documents from a Biden-era Freedom of Information Act filing by the Housing Policy Council are reigniting debate over credit score modernization at Fannie Mae and Freddie Mac, showing internal resistance to VantageScore 4.0 and skepticism about using a single credit report. Processing Content HPC highlights two takeaways from the redacted FOIA responses: that
Calls to rethink FHFA credit changes grow with FOIA reveals Read More »
Economic trends look to be a primary driver in growth of the home equity investment segment, which is seeing investor interest and liquidity enter the market in the new year but also ongoing legal obstacles. Processing Content Current housing costs are paving the way for consumer uptake. In a survey conducted last summer by HEI
HEIs see boost from investors but also legal setbacks Read More »