Issuance in the first quarter of 2025 declined compared with the fourth quarter of 2024. However, issuance was above the level seen in the first quarter of 2024.

It will be the 11th issuance of its type by loanDepot.

Among other requests, the coalition of lender trade groups wants FHFA to conduct a cost/benefit analysis of the initiative.

Reperforming loans sold by Fannie had an unpaid principal balance of $558.7 million.

Don Layton noted that administrative reform of the GSEs will inherently retain most of the structures and obligations in the GSE charters.

For the full year, seller repurchases and indemnifications totaled $2.41 billion.

An continued implicit guarantee would be welcomed by MBS investors.

“These programs have served as critical tools in expanding access to affordable homeownership, particularly for first-time and low- to moderate-income homebuyers,” NAMB said of special purpose credit programs at the GSEs.

FHFA's move alleviates industry concerns of duplicative oversight of lender compliance with unfair or deceptive acts or practices requirements.

FHFA Director Bill Pulte is posting pictures of printed memos on X to announce FHFA policy changes.