Affordable housing funding by the Federal Home Loan Banks spiked in 2023, according to a new report from the FHFA.

Six of the top 10 significant defects in loans acquired by Fannie Mae in the first quarter of this year weren’t on the list in the last quarter of 2023. Income calculation, though remained at the top of the list.

Early data from Fannie Mae and Freddie Mac suggest that, despite the one-two blow of Hurricanes Helene and Milton, the storms’ impact on GSE credit-risk transfer transactions is relatively modest.

A white paper describes public land records as a “commons” that must be protected from “free riders” that have no stake in its curation.

Treasury wants the banks to double their contributions to affordable housing programs and to use their excess retained earnings to support more housing development.

Issuance of non-agency MBS backed by scratch-and-dent mortgages to date this year has surpassed issuance through all of 2023.

Deputy Secretary of Treasury Wally Adeyemo hinted that the government might reduce its support of the FHLBanks if they don’t put more funds toward affordable housing.

FHFA’s watchdog highlights multifamily risk at the GSEs and FHLBank exposure to failing members as key agency hurdles.

Five of the top 10 GSE sellers increased their volume by at least 20.0% in the third quarter.

Since the Fed started its current asset reduction period in 2022, it has allowed an average of about $18 billion a month of agency MBS to run off.