A Fannie survey highlights how sentiments have changed among condo lenders after Fannie Mae and Freddie Mac imposed new restrictions in the wake of the Surfside tower collapse in 2021.

Deliveries to the GSEs in January dropped to their lowest level since February 2023, with both purchase and refi volume down. (Includes two data tables.)

Freddie Mac’s new $2,500 credit for buyers earning less than 50% of area median income closely resembles an initiative announced last month by Fannie Mae.

Although Fannie Mae’s NPL sales are down, Freddie Mac’s near exit from the market accounts for most of the decline in sales in 2023.

Fannie churns out a CRT transaction and an NPL sale, its first real capital markets activity since November.

The enterprise’s seller engagement efforts get a boost, with a familiar face taking over in the east and fresh eyes in the west.

Condo loans continue to receive added scrutiny at the government-sponsored enterprises.

Fannie Mae’s announcement of an update to its HomeReady program drew applause from the crowd at the MBA’s independent mortgage bankers conference this week.

Fed researchers model an economy in which safe, stable agency MBS are the instigators of market turmoil and financial crisis.

The new data points should speed up delivery for lenders. Starting June 3, lenders will be able to enter the new ULDD collateral data points.