Executives from Annaly and Two Harbors worry that ending the conservatorships of the GSEs could fundamentally change the buyer base for their mortgage-backed securities.

It’s the first time Freddie’s MBS business has been larger than Fannie’s on an annual basis since 1991.

Ginnie MBS issuance outpaced the GSEs beginning in 2022, a trend that holds to this day. (Includes two data tables.)

Lenders will soon be able to deliver their own green MBS into Fannie’s green MBS program. Currently, only whole loans are accepted.

SFA leader says ending GSE conservatorships would lead to unsustainable credit downgrades for Fannie and Freddie.

Researchers say strategic securitization by lenders exposes the GSEs to higher insurer counterparty risk, especially in regions with frequent climate-related disasters. The proposed cure: LLPAs and capital rules that compensate the GSEs for this risk.

Overall loan deliveries to Fannie Mae and Freddie Mac increased modestly in May. PennyMac boosted its production by 53.4%, making it the largest GSE seller during the month. (Includes two data tables.)

Properties backed by Freddie Green MBS issued in 2023 saved enough energy to power 2,051 homes for a year.

The rating service focuses on the government’s implicit guarantee and the critical role the GSEs play in housing finance and the financial sector more generally. Fannie and Freddie also have healthy earnings.

The new framework for social bonds links them more directly to the Mission Index, formerly known as the Social Index.