The third quarter of 2023 ranked as the busiest market for MSR sales since the second quarter of last year, when $327.82 billion of MSR transfers closed.

FHFA will direct the enterprises to treat loans with COVID-19 forbearance like those impacted by a natural disaster. Fannie and Freddie will also do a better job explaining buyback requirements.

NPL sales by the GSEs declined by 66% on an annual basis in 2022.

“There’s no point in leaving money on the table that’s been allocated,” said Pamela Perry, a vice president of single-family equitable housing at Freddie Mac.

GSE-related buybacks increased by 2.3% on a quarterly basis.

Home prices increased by 0.8% on a monthly basis in July.

Ginnie Mae continued to set the pace in the agency single-family servicing market as its outstanding MBS rose 2.1% to $2.270 trillion.

Michael Devito's departure means Freddie will be conducting its third CEO search in four years.

The April-June period marked the second consecutive quarter in which Fannie Mae's CRT issuance exceeded Freddie Mac's, an unprecedented period of CRT dominance for Fannie.

A jury found that the Federal Housing Finance Agency violated its duty as conservator of the GSEs when it agreed to the net worth sweep in 2012.