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Inside The GSEs
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GSE MBS Issuance Increases in August

September 18, 2026
Dennis Hollier
Fannie Mae and Freddie Mac securitizations jumped 11.1% last month, reversing a three-month declining trend. On a year-to-date basis, GSE sales were up 22.5% from the first eight months of 2025. (Includes two data tables.)
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GSEs Publish VS4 Pricing Grids, LLPA Reforms Linger

September 18, 2026
Dennis Hollier
Even though FHFA Director Bill Pulte spent much of last year floating the idea of LLPA reform as a way to lower the cost of a mortgage, the new LLPA grids for VantageScore 4.0 were not accompanied by a reduction in fees for Classic FICO loans.
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Some Confusion About Credit Score Changes

September 18, 2026
Dennis Hollier
Industry stakeholders say credit score changes are positive, but still face operational and market challenges.
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Private MIs in Pulte’s Crosshairs

September 18, 2026
Dennis Hollier
The FHFA director claims private mortgage insurers are excessively profitable and should return some of that money to consumers.
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FHFA Ordered to Release Documents in FOIA Case

September 18, 2026
Dennis Hollier
The agency must release 1,746 documents requested by FOIA specialist Jason Leopold because it failed to adequately demonstrate foreseeable harm from their release.
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Credit Scores Depend on More Than the Model

September 18, 2026
Dennis Hollier
New research suggests that as much as a third of the difference in a loan’s VantageScore 4.0 score and its FICO 10T score is unrelated to the credit-scoring model.
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Warren Calls on FHFA to Stop Single-Family Purchases by Wall Street

September 18, 2026
Dennis Hollier
The ranking member of the Senate Committee on Banking, Housing and Urban Affairs pressed FHFA Director Bill Pulte and HUD Secretary Scott Turner to describe their plans to enforce new restrictions on home purchases by Wall Street and private equity firms.
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GSE Roundup

September 18, 2026
Dennis Hollier
More fired Fannie executives identified; Fairholm funds redux; FHFA executive resurfaces at MBA.
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Pulte Opens VantageScore to All Lenders

September 4, 2026
Dennis Hollier
Frustrated with FICO and the big three credit reporting bureaus, the FHFA director abruptly ushered in the era of two competing credit scores.
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Another Proposal for Ending the Conservatorships

September 4, 2026
Dennis Hollier
Jon Oksenholt’s plan would create a parent company that would own the GSEs and Common Securitization Services but allow them to keep their charters and operate independently.
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