Many of those green loans will still be eligible for purchase by the GSEs. Social bonds appear unaffected.

At the end of July, the agency purchase-mortgage market was just barely ahead of the pace for the first seven months of 2025, but refinance business has doubled. (Includes two data tables.)

The Structured Finance Association says the GSEs should be able to accept multiple credit scores on a single application and disclose that information to MBS investors.

Investor demand is expected to remain strong for agency MBS despite some volatility expected for the rest of the year.

Issuance of spec-pool MBS in the second quarter increased at a faster pace at Freddie than at Fannie. Pools of loans for Florida properties continued to be favored over loans from New York and Texas. (Includes data table.)

Agency single-family MBS issuance rose 11% from the first to the second quarter, and midyear production was up 28% from 2025. But the refinance business is running out of gas and purchase-mortgage volume was flat compared with the first six months of last year. (Includes three data tables.)

In May, the combined retained mortgage portfolios of Fannie Mae and Freddie Mac saw their first monthly decline in more than a year.

More than 90% of expanded-credit mortgage production went into MBS in the first quarter of 2026. (Includes data table.)

A property law expert said securitizing real property interests encourages home price inflation.

Relatively strong refinance activity helped dampen growth in outstanding agency single-family MBS during the first quarter, but non-agency MBS posted its biggest increase in years. (Includes two data tables.)