Annual home price appreciation slowed to 2.1% in May, the lowest level seen since March 2012.

Agency securitization of high-balance loans declined by 46.0% on a quarterly basis to $8.70 billion in the first quarter of 2025.

Most of the positive response has been driven by President Trump’s posts on Truth Social in which he vowed to maintain the implicit guarantee and keep the GSEs under his oversight.

The GSEs lost share to FHA and bank portfolios. Freddie Mac accounted for almost all of the  decline.

President Trump vowed to maintain the implicit guarantee and keep the GSEs under his oversight.

Supers MBS repackage smaller securities with similar characteristics to make management of the assets more efficient.

“Fannie Mae and Freddie Mac acting more private but still being in conservatorship might be the best of both worlds,” said Mat Ishbia, president and CEO of United Wholesale Mortgage.

FHFA Director Bill Pulte deferred to President Trump when asked if FHFA plans to revise capital requirements for Fannie Mae and Freddie Mac.

CHLA said FHFA could direct the GSEs to establish subsidiaries to evaluate the creditworthiness of borrowers.

“There are lots of risks to the downside if this is not done in a deliberate way,” said Libby Cantrill, a managing director and head of public policy at PIMCO.