As the Trump administration winds its way toward some sort of conclusion on GSE reform, industry observers ponder the possible holdups.

The GSE is trying to gather all the stakeholders of the affordable housing “ecosystem,” including lenders, counselors, local housing agencies, and real estate professionals, under a single umbrella.

Freddie announces a $1.3 billion Seasoned Loans Structured Transaction; Fannie prices a $1 billion REMIC deal; Freddie launches a new product to address aging housing supply; CEO Layton’s last week at Freddie.

Mortgage industry experts zero in on FHFA’s risk-based capital rule as the linchpin for successful housing-finance reform.

The GSEs continue to offload delinquent loans in their mortgage portfolios, bringing the tally of loans sold since 2014 to 117,466 with an unpaid balance of more than $22 billion. Page 9.

Seller repurchases of defective loans dropped to the second-lowest total on record, but Freddie repurchases remained significantly higher than Fannie's. The volume of unresolved claims was up from the fourth quarter.

Industry advocates are complaining that the GSEs are using automation and other technology to dilute the valuation process.

Experts agree the GSEs are systemically important. The question is whether they are SIFIs or SIFMUs or something else.

In one of the last subprime cases, a New York district court stayed an appeal by FHFA to exclude Freddie from a class action settlement.

Fannie's MBS issuance was up significantly from April to May while Freddie posted a smaller monthly gain. Purchase mortgages and refinancing both rose substantially.