The securitization is sized at $124.5 million and received a preliminary A- rating.

Refi applications increased by nearly 20% in a week as interest rates declined.

The correspondent channel took market share from the retail channel in the conventional-conforming sector in the third quarter.

Interest rates declined by nearly 70 basis points during November, fueling demand for refis.

Even after controlling for underwriting factors, disparities remained.

Leaders of the FHLBanks and FHFA appear to be at odds on the banks' role in times of distress.

Experts surveyed by Fannie project that home price appreciation in 2024 will come in at a rate of less than half of the appreciation accumulated this year.

Fannie Mae and Freddie Mac saw a combined 11.7% increase in securitization of high-balance loans that exceeded the national baseline limit of $726,200 for one-unit mortgages during the third quarter.

FHFA Director Sandra Thompson will leave any decision on expanding membership in the Federal Home Loan Bank system up to Congress.

While interest rates have declined in recent weeks, concerns persist about the wide spread between the 10-year Treasury rate and interest rates on mortgages.