“[The Trump administration’s] position is wrong as a statutory interpretation and is at odds with Congress’ plan in setting up the [CFPB],” according to an amicus brief filed by Democrats.

The MBA said FHFA should allow lenders to use a single credit report when delivering mortgages to the GSEs if the initial report shows that the borrower has a credit score of 700 or higher.

Fannie recently considered strengthening its net worth requirements for large nonbank issuers.

High-balance loans accounted for 4.4% of total agency MBS issuance in the third quarter.

Fannie’s MBS holdings spiked to $54.65 billion as of the end of the month.

“There is no investigation into Bill Pulte,” wrote Pam Bondi, U.S. attorney general.

Among the 10 largest sellers, GSE volume increased on a monthly basis outside of the top three firms.

Fannie and Freddie issued separate updates aimed at identifying and preventing fraud in mortgage transactions.

Agency MBS issuance in November hit a level last seen in August 2022 at the tail end of the pandemic-driven mortgage boom.

FHFA disagreed with the GAO's assessment.