For one-unit properties, the baseline conforming loan limit will be $832,750 in 2026.

Both Fannie Mae and Freddie Mac will be subject to $88.0 million caps on their multifamily funding volume in 2026.

“The president’s got a lot on his plate,” Bill Ackman, CEO and portfolio manager of Pershing Square Holdings, said of President Trump. “We’re approaching Thanksgiving, but it’s actually theoretically possible.”

Combined issuance of CRT notes declined from $2.15 billion in the second quarter to $1.25 billion in the third.

Ackman proposed a timeline that would allow the Trump administration to claim some short-term victories while working toward a larger capital raise.

Mortgage deliveries to the GSEs were up 14.5% from September to October, according to data from Inside The GSEs.

New rep and warrant relief at Fannie; ADUs for manufactured homes at Freddie.

Holdings of both mortgage-backed securities and mortgages increased during the third quarter.

“We, like any business, must eliminate positions that are not core, or otherwise, to mortgages and new home sales,” FHFA Director and Fannie Mae Chair Bill Pulte said of the GSE.

If Fannie capital had been at mandated levels, the enterprise would have had an annualized ROE of 10.3% in the third quarter.