AEI researchers said large institutional investors own about 1% of single-family homes vs. 11% for small-scale investors with low interest rate GSE-backed loans.

The enterprise expanded eligibility for one-time-close loan options and aligned disaster-related forbearance terms with Fannie Mae.

Executive salary change at Freddie; FHLB membership for community lenders in Puerto Rico; FHFA re-elects GSE boards.

The shift from senior subordinate securitizations to predominantly fully guaranteed securitizations is expected to increase revenues for Freddie’s multifamily business.

House Republicans said they’re drafting legislation that would end the conservatorships of Fannie Mae and Freddie Mac.

The portfolios include both MBS and mortgages, with MBS holdings at Fannie Mae and Freddie Mac up nearly 60% on a quarterly basis in the fourth quarter of 2025.

David Spector, CEO of Pennymac Financial Services, said the firm’s correspondent aggregation platform is facing increasing competition from the GSEs’ cash window.

MBS holdings in the retained mortgage portfolios of the GSEs doubled between June 2025 and the end of the year. And that’s before President Trump directed them to buy $200 billion of MBS. (Includes data table.)

Fannie Mae and Freddie Mac appear to be using aggressive pricing at the cash window to boost whole loan purchases, then retaining the most attractive coupons.

A $2.29 billion reversal in net interest gains and a $1.29 billion provision for losses dampened net income in 2025.