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Inside The GSEs
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Pulte Met With Many in Industry During First Year

February 20, 2026
Dennis Hollier
Documents released under a FOIA request reveal who FHFA Director Bill Pulte met with through the first seven months of his term.
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Study Finds GSE-Backed Investor Loans Crowd Out FTHBs

February 20, 2026
Dennis Hollier
AEI researchers said large institutional investors own about 1% of single-family homes vs. 11% for small-scale investors with low interest rate GSE-backed loans.
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Freddie Enhances Construction-to-Permanent Loan Option

February 20, 2026
Dennis Hollier
The enterprise expanded eligibility for one-time-close loan options and aligned disaster-related forbearance terms with Fannie Mae.
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GSE Roundup

February 20, 2026
Dennis Hollier
Executive salary change at Freddie; FHLB membership for community lenders in Puerto Rico; FHFA re-elects GSE boards.
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M&A Reshapes Conventional Mortgage Market

February 6, 2026
Dennis Hollier
Mergers caused deliveries of conventional mortgages from Rocket and Bayview to spike, reshuffling the leaderboard for GSE sellers. (Includes two data tables.)
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Records Released Under FOIA Add to Tri-Merge Debate

February 6, 2026
Dennis Hollier
FOIA documents reveal that in 2022 Fannie and Freddie business assessments determined that a single-bureau credit report would be inferior to either a tri-merge or a bi-merge.
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The Unintended Consequences of Buying $200 Billion in MBS

February 6, 2026
Dennis Hollier
The GSEs were already quietly adding MBS to their portfolios before Trump directed them to purchase $200 billion more. Investors may now be paying a price for that intervention.
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GSE Stocks Sag as Talk of Exit From Conservatorship Wanes

February 6, 2026
Dennis Hollier
The same braggadocio that drove GSE stocks higher early in the Trump administration now seems to be holding prices down.
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FHFA Directs GSEs to Align Manufactured Home Programs

February 6, 2026
Dennis Hollier
Newly coordinated standards at the GSEs make it easier for certain factory-built homes to receive site-built financing.
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GAO Gives FHFA a Clean Bill of Health

February 6, 2026
Dennis Hollier
The regulator’s financial statements followed GAAP accounting, but the analysis also revealed $32.9 million in costs associated with elimination of 216 employees.
Read More
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