Volume for both purchase mortgages and refis was down at the mortgage giant, but profits increased on the back of higher home prices.

Higher prices on mortgages for highly qualified borrowers could mean more cross-subsidy for less qualified borrowers.

Another blow-out earnings quarter from Freddie Mac. But earnings were juiced a bit by loan-loss reserve recaptures. Meanwhile, its net worth continues to increase.

Trade groups representing smaller nonbank seller/servicers say it’s the larger nondepositories, with nearly 70% of the market, that pose the biggest risk to Fannie and Freddie.

The Biden administration’s move to reduce the impact of medical debt from consumer credit reporting will make it easier for some homebuyers to qualify for government-backed mortgages.

Federally insured depositories with assets north of $1 trillion saw their GSE servicing balances remain essentially unchanged in the first quarter...

Another problem: Many condo associations have already increased their fees due to the new restrictions.

MBA expressed reservations about FHFA’s pursuit of examination authority over nonbank servicers, efforts to ensure a level playing field and more...

The agency’s finalized strategic plan is almost unchanged from the draft version, despite recommendations and criticisms from mortgage industry stakeholders.

Megabanks topped the list of GSE servicers in the first quarter of 2022, but they continued to lose market share to nonbank servicers. (Includes two data charts.)