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Inside The GSEs
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FHLBank Profits Up Despite Declining Advances

November 21, 2025
Dennis Hollier
Outstanding advances for the FHLBank system fell to $693.48 billion in the third quarter from $742.85 billion in the second. Still, the 11 FHLBanks’ combined profits were up almost 10%. (Includes three data tables.)
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Leadership Turnover at Fannie Followed Issues With Pulte

November 21, 2025
Dennis Hollier
Fannie executives were forced out after investigating evidence of potential wrongdoing by FHFA Director Bill Pulte, sources say.
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Ackman Taps the Brakes on GSE Reform

November 21, 2025
Dennis Hollier
Pershing Square founder Bill Ackman, who earlier this year pitched a swift end to the conservatorship, now says it could take as long as three years. He also has some near-term suggestions.
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Freddie Continues to Update Quality Control Efforts

November 21, 2025
Dennis Hollier
The integration of Freddie’s new Quality Control Advisor Plus, its performing loan repurchase alternative pilot and its Income Calculator is expected to reduce loan defect levels and lower costs for lenders.
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GSE Reform Without Ending Conservatorships

November 21, 2025
Dennis Hollier
Mortgage industry stakeholders discussed what happens to the UMBS, LLPAs and capital rules if shares in the GSEs are sold without letting them out of conservatorship.
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House Reps Push for Looser Homeowners Insurance Rules at GSEs

November 21, 2025
Dennis Hollier
Rural lawmakers protest GSE guidelines that require borrowers to have replacement cost value homeowners insurance if their mortgage is purchased by Fannie Mae or Freddie Mac.
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Credit Score Changes to Impact CRT Disclosures

November 21, 2025
Dennis Hollier
Enhancements to CRT disclosures introduce three new fields and modify one existing field.
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GSE Roundup

November 21, 2025
Dennis Hollier
Freddie markets multifamily CRT deal; Fannie updates bankruptcy attorney fees; multifamily affordability test includes updated High Opportunity Areas data.
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GSEs Profits End Six-Month Slide in 3Q

November 7, 2025
Dennis Hollier
Quarterly profits were up at both Fannie and Freddie, but were down significantly on a year-to-date basis due to a weak first half of 2025. (Includes data table.)
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Housing Finance World Debates Housing Goals

November 7, 2025
Dennis Hollier
FHFA’s bid to reduce the GSEs’ low- and very-low-income benchmarks was praised by some lender groups, but disparaged by affordable housing advocates.
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