A so-called stressed default rate on millions of residential loans originated between 1990 and 2019 suggests the risks that precipitated the global financial crisis were around long before that, and are growing in the current market.

Fannie and Freddie once again turned in stellar results. In the first quarter, profits increased along with their net worth positions. (Includes data chart.)

The GSEs will provide investors with new loan-level and security-level data beginning June.

The GSEs’ regulator heard testimony on the risk climate change poses to Fannie, Freddie and the broader housing market.

While appraisal actions sharply increased from 2019 to 2020, the number of licensed appraisers remained unchanged.

Fannie and Freddie combined to issue $266 billion of single-family MBS in October, the third monthly production record set this year. Many top sellers shifted a little more of their GSE business to Freddie. (Includes two data charts.)

Wells Fargo and Chase together accounted for more than half of all borrowers exiting forbearance in July, Wells Fargo Securities found in its deep dive into new, loan-level data on Fannie Mae’s Connecticut Avenue Securities.

Wells Fargo Securities predicts the delinquency rate for high quality Fannie collateral — mortgages with loan-to-value ratios between 60% and 97% — will reach 4.3% in October.

FHFA officers told the inspector general that they believed performing some of the required security assessments “was an inefficient use of agency resources.”

Fannie Mae saw bigger gains in both refinance and purchase mortgages during the first half of 2020. (Includes two data charts.)