Chase issued a similar deal in December.

The redesigned UAD 3.6 standard expands coverage to all property types.

The Fed’s System Open Markets Account had $2.181 trillion of agency single-family MBS as of April 2, a 2.0% decline from year-end.

The firms have issued three similar deals, beginning in early 2024.

At a hearing in the House, Powell reiterated that the Fed is waiting to see developments in tariff policies and the employment market before deciding whether to cut rates.

Economists at Fannie Mae project that the interest rate for a 30-year fixed-rate mortgage will average 6.5% during the fourth quarter of 2025.

Repurchases and indemnifications by banks and thrifts for residential mortgages declined by 16.3% on a quarterly basis in the first quarter of 2025.

Notable: There was, however, an increase in the volume of unresolved buyback claims.

“The best thing we can do for the housing market is to restore price stability in a sustainable way and create a strong labor market,” said Fed Chair Jerome Powell.

A paper that found that lenders originate more conventional-conforming loans in areas impacted by a hurricane, and they securitize a larger percentage of those loans, was recently retracted.