Dramatic reversals in provisions for credit losses drove profits at Fannie Mae and Freddie Mac during the fourth quarter of 2023.

The Federal Home Loan Bank of San Francisco becomes the first FHLBank to allow members to use mortgage loans based on VantageScore 4.0 as collateral for advances.

Some analysts argue that, with traditional lenders shying away from the CRE sector, CMBS financing stands to gain market share.

Lenders delivered $41.06 billion of loans to Fannie Mae and Freddie Mac in January.

Deliveries to the GSEs in January dropped to their lowest level since February 2023, with both purchase and refi volume down. (Includes two data tables.)

Despite winning a massive jury award in August, GSE shareholders are still squabbling with the government over how those damages should be distributed.

Freddie Mac’s new $2,500 credit for buyers earning less than 50% of area median income closely resembles an initiative announced last month by Fannie Mae.

Although Fannie Mae’s NPL sales are down, Freddie Mac’s near exit from the market accounts for most of the decline in sales in 2023.

Resolve and its associated APIs have been tweaked to make them more efficient and improve the way lenders manage their mortgage relief and default activities.

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