“Fannie and Freddie should maintain their affordable housing footprint, including condo, investor and second home loans — without volume caps or fee increases unrelated to risk,” CHLA said.

No immediate replacement was announced for Stanley on Fannie’s board.

JPMorgan Chase reported a $32.24 billion decline in agency MBS holdings in its trading account during the fourth quarter.

Following a court order, the CFPB disclosed this week that it reinstated 117 probationary employees then immediately placed them on administrative leave.

Christopher Stanley, a security engineer at SpaceX, is the first member of Elon Musk’s Department of Government Efficiency to join a GSE board.

“In the near term, we expect volatility to continue and expect rates to remain higher until there are clear signs that inflation is moderating or the economy falters under the weight of pending policy changes,” said Julian Evans, chief financial officer at Cherry Hill Mortgage Investment.

The White House wants the head of the CDFI Fund to explain which of its functions are statutorily required.

The bulk of the February issuance, 53.9%, came from Freddie.

Pulte said that any exit by the GSEs from conservatorship “must be carefully planned to ensure the safety and soundness of the housing market without putting upward pressures on mortgage rates.”

The bank was the largest issuer of vehicle asset-backed securities in 2024.