The announcement comes on the heels of a potential downgrade of the U.S. government amid a debate on the debt ceiling.

Spreads on the latest CRT from Fannie were wider than on the deal the GSE issued in April 2022.

Issues at regional banks will likely slow the economy and have impacts on mortgage lending through the year, according to economists at the MBA. Still, GSE economists suggest that originations could pick up soon.

With the Fed’s exit from the market and the push for shorter durations at banks, industry participants ponder what price agency MBS will clear at and what it will cost homebuyers.

The MBA president castigated the government for its response to the banking crisis, particularly regulator efforts to expand their authority over nonbank sellers and servicers.

GSE business increased in April on a monthly basis, including improvements among 84 of the top 100 GSE sellers.

A house hearing Wednesday will focus on GSE pricing changes prompted by the FHFA.

There's been no formal announcement, though the pause looks to be tied to concerns from members of Congress.

The only lender type that saw an increase in GSE-related production in the first quarter was housing finance agencies. Meanwhile, deliveries to the GSEs ticked up in April. (Includes two data charts.)

The rescinded fee would have added $1,250 in cost to the purchase of a $300,000 home. Or, borrowers could have elected to pay an extra $24.75 per month on their mortgage.