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Seller GSE Repurchases Decline Sharply in Third Quarter

December 13, 2024
John Bancroft
Freddie repurchases dropped in the third quarter as the GSE changed how it classifies loans with defects that have been cured by the seller. Withdrawn buyback claims were up. (Includes three data tables.)
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GSE Volumes Lag Ginnie Mae in November

December 13, 2024
Dennis Hollier
Ginnie MBS issuance outpaced the GSEs beginning in 2022, a trend that holds to this day. (Includes two data tables.)
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Debate Continues Over GSE Reform

December 13, 2024
Dennis Hollier
Some industry groups are calling for a legislative solution to ending the conservatorships; others say FHFA and Treasury can do it themselves.
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Industry Cheers Revisions to Suspended Counterparty Rule

December 13, 2024
Dennis Hollier
Although FHFA’s re-proposed rule takes into account many industry comments, stakeholders are seeking more clarification.
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Fannie Mae Extends Very Low-Income Purchase Credit

December 13, 2024
Dennis Hollier
The $2,500 credit will remain available to borrowers who aren’t first-time homebuyers through February 2025.
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Sam Valverde Lands at Freddie Mac

December 13, 2024
Dennis Hollier
Ginnie Mae’s former acting president will help develop and implement mission-related activities at Freddie.
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FSOC Renews Call for FHFA Oversight of Third Parties

December 13, 2024
Dennis Hollier
The council highlighted fintechs and nonbank mortgage servicers as potential threats to financial stability during times of stress.
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Advocacy Group Criticizes GSEs’ Equitable Housing Finance Plans

December 13, 2024
Dennis Hollier
The National Community Reinvestment Coalition urged the GSEs to provide more analysis and demographic data.
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FHLBank Leadership Playing Musical Chairs

December 13, 2024
Dennis Hollier
Retiring FHLBank New York CEO Jose Gonzalez is set to be replaced by current Office of Finance CEO Randy Snook.
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Correspondents Gain Share in Conventional Conforming in 3Q

December 13, 2024
Brandon Ivey
The correspondent channel’s share of originations increased for both conventional-conforming loans and nonconforming mortgages in the third quarter, according to a survey of lenders. Meanwhile, brokers gained share in the government-insured market. (Includes two data tables.)
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