After the 2019 increase, homebuyers with newly eligible loans had an average income twice that of buyers whose loans were still eligible under the 2018 limit.

On the multifamily side of the aisle Fannie purchased 385,763 units in the low-income category. Freddie did even better: 495,451.

Fannie and Freddie issued a whopping $705.7 billion of single-family MBS during the third quarter, smashing a record that had been on the books for 17 years. (Includes two data charts.)

An economist finds that, when community banks gain access to FHLB advances, competition in local markets increases significantly, with mortgage rates in the market falling by an average of 8 bps.

A federal prosecutor in Georgia has charged 12 individuals in connection with a multiyear scheme to defraud Fannie Mae and Freddie Mac.

The avalanche of increased GSE single-family business didn't land equally on all categories of sellers. Nonbanks saw a huge gain in market share, while correspondent platforms and coissuance declined. (Includes two data charts.)

MBA President Bob Broeksmit argues that the new LLPA “flies in the face of the administration’s recent executive actions urging federal agencies to take all measures within their authorities to support struggling homeowners.”

The deadline, already extended once by the Federal Housing Finance Agency, is unlikely to get another extension.

Urban Institute researchers estimate the 7% fee the GSEs charge to purchase loans that have gone into forbearance after closing squeezes 255,000 creditworthy borrowers out of the market.

K-deals totaling more than $2 billion hit market.