Profits at Fannie Mae and Freddie Mac weathered a steady decline in mortgage purchases and shrinking mortgage holdings. (Includes data table.)

Even though the mortgage market continued to struggle, Fannie Mae and Freddie Mac generated healthy profits in the first quarter of 2023 thanks to their business models.

Lenders argue that dramatic price hikes by FICO have inflated their credit score costs by as much as 500% since 2022.

Risk management activities in Freddie's multifamily business generate $1 billion in revenues in the first quarter, more than doubling its 4Q23 figures.

Acquisitions may be the lowest they've been since the 3Q20, but accounting rules keep earnings on an even keel.

FHFA turns the equitable housing finance plans of the GSEs and other agency-directed fair housing activities into regulations.

Cogent Communications is using 13 million IP addresses as collateral for a novel securitization.

loanDepot is preparing to issue a non-agency MBS stocked with scratch-and-dent mortgages.

The current loss-mitigation waterfall has dramatically reduced foreclosure liquidations, suggesting lenders could make more loans to riskier borrowers without increasing expected losses.

As Fannie Mae’s CEO approaches the first anniversary of her tenure, she talks about climate change, affordable housing and the homeownership gap.