Qualifying income can only be determined by choosing the lesser of the stable monthly income from the borrower’s new business or from their previous income.

High interest rates and low supply continue to affect the availability of the affordable homes required to fulfill the GSEs' housing goals.

PMIs say the tougher available assets standards won't impact their eligibility as approved insurers.

Fannie Mae and Freddie Mac issued a combined $2.34 billion in CRT securities, excluding reinsurance deals, in the second quarter. That was down 18.0% from the first quarter.

Specified pools offer MBS investors a concentration in certain characteristics in contrast to homogenous MBS in the TBA market.

Ginnie MBS issuance increased by 8.3% on a monthly basis in July while GSE volume declined somewhat.

Among the top 10 GSE loan sellers in July, just one was a federally insured depository: U.S. Bank.

Holdings of both mortgage-backed securities and mortgages rose in the quarter, with MBS totals up 5.9% and mortgages up 4.1%.

At the end of June, large nonbanks accounted for 39.0% of all government-sponsored enterprise servicing, up from 37.6% in March.

GSE purchase-mortgage volume — both with private mortgage insurance and without private MI — increased at a faster pace in the second quarter of 2024 than FHA purchase-mortgage business.