A portfolio manager said if agency MBS investors aren’t kept in mind during the GSE reform process, the changes could hit investor demand for GSE MBS, having a negative impact on homebuyers.

Most of the fourth-quarter activity came from the Federal Reserve’s efforts to enhance its holdings of Freddie Mac paper.

The first Trump administration didn’t take many actions to boost the non-QM market, so the outlook is murky.

HUD has no oversight authority over the GSEs, but it looks as though the HUD secretary will have a seat at the restructuring table.

Government-insured lending and nonconforming mortgages took share from the conventional-conforming market in 2024.

“Any time you can take risk away from the taxpayers and give it to the private market is a win,” he said.

Bill Pulte, nominee for FHFA director, and Jonathan McKernan, the nominee for CFPB director, detailed some of their plans.

White House plans call for half of the staff at the Department of Housing and Urban Development to be cut.

Fannie Mae's and Freddie Mac's plans both received a middle-of-the-road score from the Underserved Mortgage Markets Coalition.

The top three loan sellers to Fannie and Freddie in January: UWM, PennyMac Financial and Rocket Mortgage. Chase ranked fourth.