There are more questions than answers as the Trump administration considers action involving Fannie Mae and Freddie Mac.

"I think any outcome is ultimately an acceptable outcome," Michael Comparato, president of Franklin BSP Realty Trust, said of potential reforms to the GSEs.

The real market share winner, of course, has been Ginnie Mae.

The Commerce secretary says a year-end offering of GSE stock is still possible.

Issuance increased by 7.8% from July and marked the strongest monthly total since November 2024.

If subservicing is included in FHFA's market share cap, Rocket plans to shift some of the servicing mix at the combined Rocket/Mr. Cooper.

Nonconforming products accounted for 21.2% of first-lien originations in the second quarter, according to a new analysis by Inside Mortgage Finance.

VantageScore and FICO offer competing research claiming that their respective scores are better.

“Today, that value is worth anywhere between $500 billion and $700 billion,” said FHFA Director Bill Pulte. “I think it’s going to be a $1 trillion, and potentially even higher.”

FHFA Director Bill Pulte announced on X that there's a new allegation of mortgage fraud against Federal Reserve Governor Lisa Cook.