Volume declined at all of the top 10 GSE sellers in April, both sequentially and year-to-date. Purchase mortgages outnumbered refinancings for the first time since September 2019. (Includes two data charts.)
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The GSEs’ latest SEC filings reveal a combined capital shortfall of $359 billion at the end of the first quarter. But combined earnings were a healthy $8.21 billion for the quarter. (Includes data chart.)
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Fannie and Freddie addressed FHFA complaints by adding more rigorous and measurable goals to their plans to improve liquidity in underserved mortgage markets.
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New rules entitle manufactured home renters to be notified before rent increases or changes in community ownership. Manufactured homeowners receive more leeway to sell their homes, even if they’re in default.
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