Uncertainty on the future of Fannie Mae and Freddie Mac has caused some lenders to deliver their agency-eligible production to the non-agency secondary market.

It was largely business as usual for Fannie Mae and Freddie Mac in the fourth quarter. But going forward, the Trump administration could make moves to reduce the two GSEs’ activity. (Includes data table.)

The Trump administration will likely take starkly different positions on housing and the mortgage market compared with the Biden administration. Expect changes at the GSEs, while a reduction to FHA mortgage insurance premiums looks unlikely.

The real estate investment trust sees positives in agency MBS despite concerns around the future of the GSEs.

The big question: Who will Bessent hire at Treasury to make the GSE (release) dream happen?

Two new partnerships were announced this month that will help assist with housing access on tribal lands.

Correspondents gained 294 basis points of share in the third quarter, taking from both retail and brokers.

Fannie issuance had a healthy sequential boost but year-over-year decline, while Freddie experienced the opposite.

If Calabria is tapped for the FHFA job again, more of the same can be expected: higher capital requirements, increased fees and a smaller GSE footprint.

Large nonbanks grow their share of GSE MBS servicing but Chase still ranks number one in our rankings among servicers.