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Inside The GSEs
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GSE Buybacks Slow in 1Q, Freddie’s Pipeline Up

June 26, 2026
John Bancroft
Seller repurchases from Fannie and Freddie declined 21% in the first quarter of 2026 to the lowest level since 2020. But the pipeline of unresolved claims rose significantly. (Includes three data tables.)
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FHFA Renews Appeal for Enforcement Authority

June 26, 2026
Dennis Hollier
Despite the controversy surrounding his investigations into political enemies of the president, FHFA Director Bill Pulte is asking Congress for enforcement authority over suspected cases of fraud.
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FHLBanks Seek Changes to Basel III Re-Proposal

June 26, 2026
Dennis Hollier
The Federal Home Loan Banks say the supervisory haircut federal regulators proposed applying to their consolidated obligations when held as collateral is too large and may impair pricing and liquidity.
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Trades Question Capital Treatment for GSEs’ Multifamily Loans

June 26, 2026
Dennis Hollier
As Basel III approaches the end of what may be its last notice and comment period, industry stakeholders work to secure last-minute policy changes.
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Brokers Seek Delay of Condo Project Review Requirements

June 26, 2026
Dennis Hollier
The National Association of Mortgage Brokers contends that the condo sector hasn’t had nearly enough time to prepare for the GSEs’ new requirements.
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Fannie Preps Appraisers for UAD 3.6

June 26, 2026
Dennis Hollier
Appraisers now have a trio of aids to help them navigate the adoption of UAD 3.6 and the new URAR.
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GSE Roundup

June 26, 2026
Dennis Hollier
Draft legislation would let the GSEs securitize construction loans; Fannie to expand title pilot program.
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Fannie’s DU More Restrictive Than Freddie

June 12, 2026
Dennis Hollier
A 50% cap on debt-to-income ratio within Fannie Mae’s Desktop Underwriter acts as an extra-regulatory limit on credit availability, according to researchers at the Federal Reserve Bank of St. Louis.
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GSEs Update Industry on UMDP Developments

June 12, 2026
Dennis Hollier
Implementation of UAD 3.6 has proceeded steadily during broad production, with mandatory implementation still set for Nov. 2. UAD 2.6 appraisals submitted on or after that date will fail, even if the appraisal was conducted prior to the mandate.
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Selling Guide Updates Give Lenders More Flexibility

June 12, 2026
Dennis Hollier
Changes at Freddie Mac simplify income history verification for both self-employed and non-self-employed borrowers. That includes certain borrowers who receive guaranteed payments from a partnership.
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