Lingering capital shortfalls belie higher net incomes at Fannie Mae and Freddie Mae in 2023. (Includes data table.)

The Federal Reserve published a hypothetical economic collapse for banks to use in their annual stress test this year. The same scenario might be used by FHFA for Fannie Mae and Freddie Mac.

Fannie Mae has added three new attributes to its daily prepayment report for mortgage-backed securities. The enhancements will provide timely data on principal reductions.

Freddie also announced various changes in its Loan Product Advisor related to asset and income modeling and income validation.

Freddie has informed multifamily seller/servicers that it will treat all lawful permanent residents the same as citizens.

The capital markets teams at Fannie and Freddie churned out a reperforming loan sale, a Guaranteed Multifamily Structures deal and a Structured Agency Credit Risk transaction.

A Fannie survey highlights how sentiments have changed among condo lenders after Fannie Mae and Freddie Mac imposed new restrictions in the wake of the Surfside tower collapse in 2021.

Despite winning a massive jury award in August, GSE shareholders are still squabbling with the government over how those damages should be distributed.

Freddie Mac’s new $2,500 credit for buyers earning less than 50% of area median income closely resembles an initiative announced last month by Fannie Mae.

Although Fannie Mae’s NPL sales are down, Freddie Mac’s near exit from the market accounts for most of the decline in sales in 2023.