Underwriting for purchase mortgages remained strong while standards for refis loosened somewhat among deliveries to the GSEs in the third quarter.

FHFA's Office of Inspector General found that FHFA's community support program website “lacked fundamental safeguards,” such as user authentication, access control and privacy documentation.

FHFA's proposed strategic plan includes an emphasis on combating fraud and misconduct.

Market share of GSE business from large nonbanks fell from 56.1% for deliveries in the second quarter of 2025 to 53.8% in the third quarter.

Pennymac is set to issue a $291.7 million non-agency mortgage-backed security with GSE-eligible mortgages for primary residences.

Loans without mortgage insurance gained some share in the agency MBS market during the third quarter.

Policy changes at the mortgage giant should make it easier for borrowers to purchase properties with ADUs.

McKernan is expected to play a major role in efforts to reform the government-sponsored enterprises.

One way to do that would be to get institutional investors to gobble up more agency MBS, in particular Fannie Mae and Freddie Mac product.

One proposal targeted liquidity requirements for the GSEs and the other two proposals involved the Federal Home Loan Banks.