FHFA disagreed with the GAO's assessment.

The conventional-conforming sector continued to account for the largest portion of originations, with a 52.2% share in the third quarter.

For one-unit properties, the baseline conforming loan limit will be $832,750 in 2026.

“We believe that if Treasury decides it wants to forgive the [senior preferred shares], then this plan appears reasonable,” said Keefe, Bruyette & Woods analyst Bose George.

Both Fannie Mae and Freddie Mac will be subject to $88.0 million caps on their multifamily funding volume in 2026.

Home prices increased by 2.2% on an annual basis as of the end of September, according to FHFA.

Mortgage Guaranty Insurance Corp. remained the top producer among the private MIs.

“The president’s got a lot on his plate,” Bill Ackman, CEO and portfolio manager of Pershing Square Holdings, said of President Trump. “We’re approaching Thanksgiving, but it’s actually theoretically possible.”

Combined issuance of CRT notes declined from $2.15 billion in the second quarter to $1.25 billion in the third.

Ackman proposed a timeline that would allow the Trump administration to claim some short-term victories while working toward a larger capital raise.