Freddie Mac posted a $7.3 billion profit in 2020, including net income of $2.9 billion in the fourth quarter.

Mortgage applications fell by 4%, with declines in requests for both refinances and purchase mortgages.

Mortgage-backed security issuance by the GSEs offers one metric to feed into the crystal ball.

Coronavirus-related forbearance on mortgages serviced for the GSEs can extend three months past the initial 12-month deadline, according to the FHFA.

Roughly $249.81 billion of newly originated correspondent-generated home loans was securitized by Fannie Mae, Freddie Mac and Ginnie Mae during the fourth quarter, up 20.3% from the prior period. This analysis covers 90.2% of the total agency market...

From a market perspective, all those forbearances are cumulative. Fannie Mae and Freddie Mae estimate that one in four of the borrowers who entered into forbearance continued to make their payments...

CMLA’s Rob Zimmer said what he finds so perplexing about the cap is that “no one saw this coming”…

Overall, Freddie said its multifamily arm financed 803,000 rental units, more than 95% of which qualified as “affordable.”

Most nondepository servicing is held by independent mortgage bankers and other non-originating investors...