High interest rates may mean lower acquisition volumes for the GSEs, but they also mean slower prepayment speeds for the mortgages in the agencies’ guarantee books of business. (Includes data table.)

The data release is a critical step in the enterprises’ long-awaited and controversial transition to a new credit score model.

Researchers say Fannie’s new social index serves as a successful spec pool story, generating meaningful pay-ups for social bonds that can help subsidize mission-related activities.

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.

Industry veteran Michael Stegman wants Fannie Mae and Freddie Mac to be more transparent about the impact of their rent reporting pilots.

Although FHLB borrowing declined in the first quarter, with lenders continuing to reduce outstanding advances, profits for the system as a whole were up 9.6% from the fourth quarter and 16.6% year to date. (Includes three data tables.)

Even though Fannie Mae and Freddie Mac maintained healthy profits in a tough market in the first quarter, their capital shortfalls under the ERCF remained absurdly high. (Includes data table.)

The agency’s 2024-2026 strategic plan includes a migration to the cloud and the development of AI capabilities.

FHFA said proposed changes to the American Survey of Mortgage Borrowers will help to inform oversight of the GSEs and FHLBanks.

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.