During the third quarter of 2025, neither Fannie Mae nor Freddie Mac issued a single green MBS.

Trade groups say allowing the GSEs to fill the gap left when the Fed quit buying MBS in 2022 could lower mortgage rates as much as 30 basis points.

The average interest rate on a 30-year fixed-rate mortgage increased by four basis points from last week to 6.30%.

Hugh Frater, a former CEO of Fannie Mae, warned that merging the GSEs could reduce incentives for innovation and competition on pricing, among other issues.

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

The largest securitization in the batch is a $654.4 million prime non-agency MBS with loans originated by JPMorgan Chase Bank.

A slight rise in the unemployment rate in August helped to reinforce expectations that the Fed will cut the federal funds rate this month.

The regulator, though, says no market participant can account for more than 20% of the GSEs' servicing market.

Freddie Mac credit insurance increases raised the numbers for both GSEs in the second quarter.

The Trump administration is describing The Great American Mortgage Corp. as "the all new Fannie Mae and Freddie Mac: bigger and better than ever."