The government agency is working with industry trade groups on potential revisions to its issuer acknowledgment agreements.

Non-qualified mortgage loans and home equity products are gaining interest from investors, driving securitization up.

Credit-risk transfer activities at the GSEs — including both CAS/STACR note issuance and CIRT/ACIS reinsurance purchases — reached some of the lowest levels since the programs were founded in 2013. (Includes data table.)

The overall levels of delinquencies, though, vary on a nominal and age-equivalent basis.

Analysts at the Urban Institute called for changes at the GSEs and FHA to make adjustable-rate mortgages more attractive for borrowers.

The Trump administration claimed that federal courts have no authority to prevent it from carrying out its duties, while the NTEU argued that blocking a planned reduction-in-force at the CFPB is essential to ensure the agency still exists at the conclusion of the lawsuit.

The nonbank generated $164.5 million of net income in the fourth quarter of 2025. But in a departure from norm, Mat Ishbia, president and CEO of UWM, didn’t take questions from stock analysts.

Talk of a capital raise for Fannie Mae and Freddie Mac has waned in recent months, leading some policy experts to question whether the Trump administration has the appetite to take the GSEs public.

Investors are expected to take time to adjust to new credit score models and the potential end of the tri-merge scoring requirement at the GSEs.

Looking at VantageScore 4.0 data provided by the three national credit reporting agencies, researchers found that 18% of consumers had one or more scores that was at least 20 points higher than the tri-merge average.