At the direction of the Federal Housing Finance Agency, Fannie Mae and Freddie Mac are reformulating their Social Index to make it more attractive to investors while still protecting the privacy of borrowers.

The government-sponsored enterprise said it has identified a significant number of fraudulent appraisals tied to mortgages originated between 2021 and 2023.

The primary MI share in the agency market rose from 50.4% in 2022 to 62.9% in 2023.

If the government-insured mortgage programs don't follow FHFA in shifting to a bi-merge process, then it's not worth making the switch for GSE loans, according to CHLA.

Agency MSR transfers declined by 27.5% in the fourth quarter, to $219.05 billion

The dollar volume of mortgages going to Fannie Mae and Freddie Mac declined by 47.3% compared with 2022.

"What Fannie and Freddie and the FHFA should be doing is trying to convince Congress it’s time to get them out of conservatorship," said James Lockhart, the former director of the Federal Housing Finance Agency.

Mandatory use of FICO Score 10 T with the government-sponsored enterprises isn't scheduled until the third quarter.

A coalition including Climate Nexus, the American Lung Association, the Sierra Club and the Lincoln Institute of Land Policy weighed in on GSE policy.

Buybacks from the GSEs declined by 29.0% in the third quarter compared with the previous quarter.