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Inside The GSEs
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Seller Buybacks Surge in 3Q25, Pipeline Also Rises

December 19, 2025
John Bancroft
Recent buyback data suggest the 2024 vintage is one of the most pristine in modern GSE history, although repurchase volume was up in the third quarter of 2025. (Includes three data tables.)
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Fannie Mae Set to Move San Francisco Office to Alabama

December 19, 2025
Dennis Hollier
Sen. Tommy Tuberville, R-AL, said the move will not only save the taxpayers money, but it will bring jobs to his state.
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Former Freddie CEO Calls for Revamp of CRT Activity

December 19, 2025
Dennis Hollier
Don Layton, under whose leadership Freddie rolled out the first CRT transaction in 2012, said cracks in the GSEs’ CRT programs expose them to systemic risks. The cure: a new capital rule.
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Fannie Steps Up Fraud Prevention

December 19, 2025
Dennis Hollier
Fannie alerts seller/servicers to stiffer fraud detection rules. For example, lenders have 24 hours to report any borrower if they’re found on the Department of Treasury’s foreign assets control sanctions list.
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Fannie Updates HomeStyle Mortgage Options

December 19, 2025
Dennis Hollier
The GSE ditched its energy efficiency home improvement loan product in favor of a more generic product targeting smaller projects. The new HomeStyle Refresh product becomes available at the end of March.
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Assumable and Portable Mortgages Seen as Niche

December 19, 2025
Dennis Hollier
UI researchers explore whether the GSEs, by accepting new loan products, can help alleviate the lock-in effect and improve affordability for homebuyers.
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Freddie Mac Clarifies Lexicon of Appraisals

December 19, 2025
Dennis Hollier
Underwriters should understand that neighborhood, subdivision and market area are distinct terms used in property appraisal.
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GSE Roundup

December 19, 2025
Dennis Hollier
Freddie Mac taps a new CEO; Waters lashes out at Pulte; DOJ denies investigation into the FHFA director.
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Largest Sellers See GSE Deliveries Wane in November

December 5, 2025
Dennis Hollier
UWM, Rocket and Pennymac all sold fewer mortgages to the GSEs in November than in October. That contributed to a 1.3% monthly decline in GSE MBS issuance. (Includes two data tables.)
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Freddie Seeks Transparency From Lenders Using AI

December 5, 2025
Dennis Hollier
The growing sophistication of AI use is now reflected in an updated policy to manage the risk associated with the tech.
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Latest Imf News

  • Retail Channel Regains Some Share of Originations in 2025

  • ARMs From Nonbanks Head Into MBS From Redwood

  • Non-Agency MBS Issuers Expect Benefits From Disclosure Shift

  • FHA Faulted on Now-Rescinded Foreclosure Sale Program

More Imf News

Featured Data

  • Bank Servicing Declines in 4Q, MSR Fair Values Up

  • Mortgage-Banking Earnings at Banks Level Off in 4Q

  • Fannie Mae, Freddie Mac Profits Decline in 2025

  • Home Equity Loan Securitization Growth Levels Off

More Featured Data

Featured Reports

  • Top Mortgage Players: 3Q25 (PDF)

  • Lender Profiles 3Q25: Top 25 (PDF subscription)

  • Mortgage Profitability Report 3Q25 (PDF)

  • Agency Channel Analysis: 4Q25 (PDF)

More Latest Reports

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As homeowner equity continues to build, more and more lenders are launching home equity lending products. Are you thinking of joining this market?

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