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Inside The GSEs

May 12, 2023

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Nonbanks Increase Market Share as Volumes Drop

The only lender type that saw an increase in GSE-related production in the first quarter was housing finance agencies. Meanwhile, deliveries to the GSEs ticked up in April. (Includes two data charts.) Read More

Industry Lobbying Against DTI Fee Pays Off

The rescinded fee would have added $1,250 in cost to the purchase of a $300,000 home. Or, borrowers could have elected to pay an extra $24.75 per month on their mortgage. Read More

Fannie/Freddie Profits Grow as Volume Plummets

Timing differences in their provisions for loan losses allowed Fannie’s first-quarter profits to more than double while Freddie’s climbed just 13.2% compared with the fourth quarter. (Includes data chart.) Read More

Sen. Scott Challenges New FHFA Pricing Framework

The ranking member of the Senate Banking Committee has demanded that the FHFA director meet with committee staff to prove the GSEs’ new pricing grids don’t amount to more cross-subsidy. Read More

GSEs Put NPL/RPL Sales on Hold Amid Scrutiny

Concerns voiced by Senate Democrats appear to have prompted an FHFA review of how the GSEs sell their nonperforming and reperforming loans. Read More

Bhatti Back Before the Eighth Circuit

Plaintiffs claim former FHFA Director Mel Watt “thwarted” former President Trump’s plan to end the net worth sweep. The government says, “What plan?” Read More

Updates to GSE Selling Guides

Fannie and Freddie modified their policies to support lower-income borrowers by allowing greater use of downpayment assistance and equity-sharing programs. Read More

Tepid Demand for Fannie’s CRT Tender Offer

Despite significant premiums offered by Fannie Mae, the GSE was only able to repurchase 62.7% of the notes in its latest CAS tender offer. Read More

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