Regulators and lenders will have to figure out how to comply with non-discrimination laws without resorting to the use of DEI.

Absent APOR figure, lenders and mortgage-backed securities buyers would be uncertain whether loans were QM.

Combined issuance of Fannie Mae CAS and Freddie Mac STACRs came to $8.31 billion in 2024 — the lowest total since 2013, the year GSE CRT activity started. (Includes data table.)

STACR and ACIS activity in 2025 is expected to be similar to 2024, or slightly higher, due to a larger pipeline of loans eligible for inclusion in CRT.

FHFA must turn conservatorship directives into regulations before releasing the GSEs from conservatorship, according to former agency director Mark Calabria. But an explicit guarantee is unnecessary, he said.

FHFA removed mention of DEI from a key GSE evaluation standard.

GSE deliveries declined in just four states on an annual basis in 2024.

Note: The Fannie title pilot is scheduled to sunset in May 2026.

Mortgage loan deliveries to Fannie Mae and Freddie Mac were up 6.9% in 2024, driven mainly by higher volumes from New England and upper Midwest states. (Includes data table.)

Responding to written questions from the Senate Banking Committee, Trump’s new Treasury secretary gave the mortgage industry limited insight into his views on GSE reform.