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Fannie Mae’s MBS Holdings Increase Again in November

December 12, 2025
Dennis Hollier
Fannie’s MBS holdings spiked to $54.65 billion as of the end of the month.
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Short Takes: Bondi Says DOJ Isn’t Investigating FHFA Director Pulte / Fitch Affirms Ratings on Large Nonbanks / New Compliance Dataset From MISMO / FoA Receives Boost From Blue Owl

December 12, 2025
Brandon Ivey
“There is no investigation into Bill Pulte,” wrote Pam Bondi, U.S. attorney general.
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GSE Deliveries by Top Players Decline in November

December 11, 2025
Dennis Hollier
Among the 10 largest sellers, GSE volume increased on a monthly basis outside of the top three firms.
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GSEs Update Guidelines Tied to Fraud

December 11, 2025
Brandon Ivey
Fannie and Freddie issued separate updates aimed at identifying and preventing fraud in mortgage transactions.
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Agency MBS Issuance Hits High for Year in November

December 9, 2025
John Bancroft
Agency MBS issuance in November hit a level last seen in August 2022 at the tail end of the pandemic-driven mortgage boom.
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FHFA’s Fair-Lending Policy for GSEs Unclear, GAO Claims

December 2, 2025
Brandon Ivey
FHFA disagreed with the GAO's assessment.
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Originations Slump Across Products in Third Quarter

November 26, 2025
Brandon Ivey
The conventional-conforming sector continued to account for the largest portion of originations, with a 52.2% share in the third quarter.
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FHFA Announces 2026 Conforming Loan Limits

November 26, 2025
Dennis Hollier
For one-unit properties, the baseline conforming loan limit will be $832,750 in 2026.
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Glimmers of Possibility in Ackman’s New GSE Reform Plan

November 26, 2025
Dennis Hollier
“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.
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FHFA Increases GSE Multifamily Caps for 2026

November 25, 2025
Brandon Ivey
Both Fannie Mae and Freddie Mac will be subject to $88.0 million caps on their multifamily funding volume in 2026.
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