Sellers upended expectations by increasing loan deliveries to the GSEs in January. Nine of the top 10 sellers delivered more loans to Freddie Mac than Fannie Mae. (Includes two data charts.)
Almost all the temporary seller flexibilities FHFA put in place because of the pandemic have either been retired or incorporated into the normal selling guides.
In April, Fannie and Freddie will begin charging sharply higher LLPAs on second-home and high-balance mortgages. The change is likely to expand non-agency securitizations at the expense of Fannie and Freddie.