Even though machine learning and other forms of artificial intelligence have made the mortgage industry much more efficient, experts are less optimistic it can reduce racial inequity in the system.

Fannie President David Benson and Chief Administrative Officer Jeffery Hayward announce their retirements.

In the first 10 months of 2023, the GSEs’ combined refi production came to just $67.79 billion...

One Freddie official noted, "The market thought we would issue at any level, but it was uneconomical"...

Overall deliveries to the GSEs fell 11.0% in October and were down 51.2% year-to-date compared to 2022. That’s largely due to the decline in refis, which are off 85% compared to the first 10 months of last year. (Includes two data tables.)

Fannie Mae and Freddie Mac revenues ticked up in the third quarter, but an increase in net expenses cut into profits. Those expenses included damages and interest awarded to shareholders in Fairholme v. FHFA. (Includes data table.)

The regulator’s plan to refocus the FHLBanks on housing finance may take some time to get underway. Changing the eligibility requirements for membership, though, doesn’t seem to be likely.

Although Fannie Mae and Freddie Mac met their duty-to-serve obligations, that doesn't mean they achieved all their goals. Both enterprises received low scores in some categories.

Fannie and Freddie have updated rules around employment contracts, shared appreciation and fluctuating income.

As the GSEs try to redeem uneconomic credit-risk transfer notes from investors, the premiums offered continue to shrink.