Mortgage rates and MBS spreads may depend on how the White House structures the proposed IPO for the GSEs and how markets react to a potential merger of the two mortgage giants.

Industry stakeholders puzzle over the implications of the Trump administration’s plans for a quick public offering of the GSEs.

The FHFA director said the Trump administration's planned sale of GSE stock would be small, if it happened at all.

William Lansing, CEO of Fair Isaac Corp., said the move would encourage lenders to shop for the most lenient credit score in order to qualify more borrowers for GSE loans.

Although President Trump didn’t specifically mention a merger, that appears to be the implication of the post.

Researchers say the avalanche of lease cancellations initiated by DOGE in the first half of 2025 has reduced cash flows and lowered the price of the first-loss tranches of CMBS.

FICO CEO William Lansing argued that, by allowing lenders to pick between Classic FICO and VantageScore 4.0, FHFA may be creating a race to the bottom when it comes to the quality of credit scores.

Mortgage portfolios at Fannie Mae and Freddie Mac increased steadily throughout 2024 before declining during the first quarter of 2025.

Industry reaction was swift — and confused.

New business may be up for both the single-family and multifamily businesses, but loan loss provisions due to softening home price growth cut into profits at both Fannie and Freddie. (Includes data table.)