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

The enterprise’s seller engagement efforts get a boost, with a familiar face taking over in the east and fresh eyes in the west.

Condo loans continue to receive added scrutiny at the government-sponsored enterprises.

The percentage of GSE multifamily investment in areas of concentrated poverty increased in 2022, both in dollar and percentage terms.

Although almost all of the cost of funding a loan through MBS is passed through to consumers, borrowers only see about 40% of the “cost” of a specified pool pay-up.

A look back at prior interest rate cuts by the Federal Reserve suggests that agency MBS outperform competing assets in that environment.

While FHFA didn’t provide details, lenders believe the agency wants the GSEs to coordinate their mortgage repurchase request policies.

Issuance in 2022 was helped by lingering loans from the refinance wave while mortgage originations were down sharply in 2023.

The price of preferred shares in Fannie Mae shot up to $4.57 a share in the wake of former President Trump’s victory in the Iowa caucuses.

One of these days a GSE CEO might rise up and legally challenge the conservatorships. But we're not there yet...