The Federal Reserve, FHFA, large banks and the GSEs are all struggling to model the future impact of climate change, both on their specific businesses and on the broader economy.

Noncore products going into GSE securitizations saw less drop off than core products in the first quarter. (Includes data table.)

Meanwhile, the share of the safest mortgages — in terms of underwriting characteristics —  slipped to 11.26%...

The final legal process could stretch out for another year or two...

Both Democrats and Republicans have little interest in GSE reform, according to discussions this week at the SFVegas conference.

The increase was driven by higher scores on purchase mortgages.

One of these days a GSE CEO might rise up and legally challenge the conservatorships. But we're not there yet...

A $576.1 million MBS backed by GSE-eligible jumbo mortgages from CalCon Mutual Mortgage helped drive a slight increase in prime non-agency mortgage-backed security issuance in the fourth quarter. (Includes three data tables.)

The share of noncore GSE products, including conforming jumbos, cash-out refinances, mortgages for investment properties and second homes, dropped in 2023. (Includes data table.)

The industry is hopeful the repurchase-loan pilot will be expanded quickly...