Both Fannie and Freddie continue to sell off NPLs and RPLs, in keeping with directives from FHFA to reduce the size of their portfolios.

The mortgage giant announced a non-performing loan sale and the results of its latest STACR tender offer.

Fannie Mae last week notched its fifth Credit Insurance Risk Transfer transaction of the year, a $285 million deal covering a pool of 34,000 single-family mortgages.

The capital markets teams at Fannie Mae and Freddie Mac tweaked their product offerings in May.

A proposal from Freddie Mac to acquire second liens prompted immediate reactions. The GSE rebuts claims that its plan represents “mission creep” or that it would interfere with the existing securitization market for closed-end seconds.

Despite an uptick in CRT issuance, high costs continue to drive more risk retention at Fannie Mae and Freddie Mac.

The capital markets teams at Fannie Mae and Freddie Mac combined announced five transactions over the past week.

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

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.

Fannie churns out a CRT transaction and an NPL sale, its first real capital markets activity since November.