Fannie Mae and Freddie Mac both saw a significant increase in CRT issuance in the first quarter. Fannie also boosted credit-risk insurance purchases, but ACIS purchases were down at Freddie. (Includes data table.)

Trump noted that Fannie and Freddie are “doing very well and throwing off a lot of CASH.”

Social and green bonds from the GSEs have seen strong demand.

It’s not clear how the Federal Housing Finance Agency’s decision to cut the DEI and ESG programs at the GSEs will impact MBS issuance.

CMBS securitizers can exploit an exemption in risk retention rules to unload riskier tranches. Researchers said this may signal lower loan quality to investors.

Among other changes, Fannie and Freddie increased the cap on interested party contributions from $500 to $2,500.

Researchers say that, at any given credit score, the cross-subsidies inherent in GSE pricing favor higher-income borrowers over lower-income borrowers.

“I think we’ve referred five or six different people to the DOJ, just in terms of Chinese and North Koreans working in the companies,” Pulte said.

There are more questions than answers on how the Trump administration will end the conservatorships of the GSEs.

Mortgage loan acquisitions by Fannie Mae and Freddie Mac accelerated in April, driven in part by a jump in refinance lending. (Includes two data tables.)