Hugh Frater, a former CEO of Fannie Mae, warned that merging the GSEs could reduce incentives for innovation and competition on pricing, among other issues.

While interest rates declined again last week, mortgage applications didn't move much.

Jim Rosen, head of product management and services at Mortgage Cadence, said lenders need additional guidance from FHFA and the GSEs.

Mortgage rates headed lower? Maybe not...

FHFA’s spring regulatory agenda includes plans to reverse four proposed new rules from the prior administration and five rules that have already been finalized.

Some $3.70 billion of ARMs were included in agency MBS issued during the second quarter of 2025.

UWM is offering conforming-mortgage pricing for certain mortgages with balances up to 1.5% above the current baseline conforming loan limit.

There are more questions than answers as the Trump administration considers action involving Fannie Mae and Freddie Mac.

"I think any outcome is ultimately an acceptable outcome," Michael Comparato, president of Franklin BSP Realty Trust, said of potential reforms to the GSEs.

The real market share winner, of course, has been Ginnie Mae.