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    <item>
      <title>Industry Group Weighs Risks of GSE Reform</title>
      <author>dhollier@imfpubs.com</author>
      <description>
        <![CDATA[The Treasury Market Practices Group released a white paper identifying how a change in the ownership structure of Fannie Mae and Freddie Mac could impact the broader financial markets.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/237199</guid>
      <pubDate>Thu, 16 Apr 2026 16:06:51 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/237199-federal-reserve-group-weighs-risks-of-gse-reform</link>
    </item>
    <item>
      <title>Modeling Prepayment Risk With Machine Learning</title>
      <author>dhollier@imfpubs.com</author>
      <description>
        <![CDATA[Combining machine learning techniques with more traditional accounting is making it possible to predict both whether a loan will prepay and when.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/237170</guid>
      <pubDate>Thu, 16 Apr 2026 16:02:28 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/237170-modeling-prepayment-risk-with-ml</link>
    </item>
    <item>
      <title>Miran Touts Balance Sheet Reduction for the Fed </title>
      <author>dhollier@imfpubs.com</author>
      <description>
        <![CDATA[A recent paper co-authored by Federal Reserve Governor Stephan Miran identifies several policy changes that would allow the Fed’s SOMA to be reduced by up to $2.13 trillion.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/237167</guid>
      <pubDate>Thu, 09 Apr 2026 16:01:58 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/237167-miran-touts-balance-sheet-reduction</link>
    </item>
    <item>
      <title>Bank Capital Reforms Could Limit Supply of MBS</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[The revised proposals would reduce capital requirements for banks, both for MBS holdings and whole loans in portfolio. The change would provide incentives for banks to retain more originations in portfolio.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/237023</guid>
      <pubDate>Thu, 26 Mar 2026 17:00:13 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/237023-bank-capital-reforms-could-limit-supply-of-mbs</link>
    </item>
    <item>
      <title>GSE Pilots MBS Sale With VantageScore</title>
      <author>dhollier@imfpubs.com</author>
      <description>
        <![CDATA[One of the GSEs has quietly issued an MBS comprised of loans underwritten using VantageScore 4.0.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/237053</guid>
      <pubDate>Thu, 26 Mar 2026 16:58:18 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/237053-vantagescore-ceo-confirms-mbs-rumor</link>
    </item>
    <item>
      <title>MBS Analysts Weigh Impact of Iran War</title>
      <author>dhollier@imfpubs.com</author>
      <description>
        <![CDATA[Since the Iran war started, interest rates have returned to where they were when President Trump directed the GSEs to purchase $200 billion in MBS and most analysts say GSE reform is now off the table.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/236970</guid>
      <pubDate>Thu, 19 Mar 2026 17:10:47 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/236970-mbs-analysts-weigh-impact-of-war</link>
    </item>
    <item>
      <title>Mortgage Spreads Widen With Uncertainty Tied to Iran Conflict</title>
      <author>dhollier@imfpubs.com</author>
      <description>
        <![CDATA[Since the U.S. initiated strikes on Iran, mortgage rates and MBS spreads have given up all the ground they gained from the Trump administration’s directive for the GSEs to purchase $200 billion in agency MBS.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/236922</guid>
      <pubDate>Thu, 12 Mar 2026 16:41:32 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/236922-mortgage-market-reacts-to-war-with-iran</link>
    </item>
    <item>
      <title>FASB to Propose Hedging of Held-to-Maturity Portfolios</title>
      <author>dhollier@imfpubs.com</author>
      <description>
        <![CDATA[The potential rule change would allow banks to redesignate MBS holdings from held-to-maturity to available-for-sale.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/236916</guid>
      <pubDate>Thu, 12 Mar 2026 16:39:35 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/236916-fasb-to-allow-hedging-of-held-to-maturity-portfolios</link>
    </item>
    <item>
      <title>Grapevine: Fed Plans Capital Relief; Moody’s Eyes Second Liens</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[Pending proposals from the Fed would impact MBS market; Moody’s looks to rate securitizations of home equity loans.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/236713</guid>
      <pubDate>Thu, 19 Feb 2026 15:49:56 -0500</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/236713-grapevine-fed-plans-mortgage-proposals-moodys-eyes-second-liens</link>
    </item>
    <item>
      <title>FHFA Rejiggers Cap on GSE Acquisitions of Agency MBS</title>
      <author>dhollier@imfpubs.com</author>
      <description>
        <![CDATA[FHFA quietly increased the cap on the GSEs’ holdings of agency MBS from $40 billion apiece to $225 billion. That’s the same as the cap on their entire retained mortgage portfolios.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/236533</guid>
      <pubDate>Thu, 29 Jan 2026 16:35:23 -0500</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/236533-impact-of-gses-mbs-purchases</link>
    </item>
    <item>
      <title>GSEs Price CRT Transactions ‘Fairly,’ Researchers Find</title>
      <author>dhollier@imfpubs.com</author>
      <description>
        <![CDATA[Columbia University researchers dispute the conventional wisdom that says Fannie Mae and Freddie Mac dramatically overpay CRT investors.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/236443</guid>
      <pubDate>Thu, 22 Jan 2026 15:43:55 -0500</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/236443-gses-price-crt-fairly</link>
    </item>
    <item>
      <title>Ginnie to Allow Pooling of eNotes in PIIT Program</title>
      <author>ewilley@imfpubs.com</author>
      <description>
        <![CDATA[The flexibility is part of an effort by Ginnie Mae to make its digital collateral program more attractive.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/236384</guid>
      <pubDate>Thu, 15 Jan 2026 16:15:25 -0500</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/236384-ginnie-to-accept-enotes-in-piit-transfers</link>
    </item>
    <item>
      <title>Ackman Proposes New Type of Mortgage for the GSEs</title>
      <author>dhollier@imfpubs.com</author>
      <description>
        <![CDATA[A mortgage with a prepayment penalty might be as much as 65 basis points cheaper for borrowers, according to GSE shareholder Bill Ackman.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/236393</guid>
      <pubDate>Thu, 15 Jan 2026 16:12:30 -0500</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/236393-ackman-proposes-new-type-of-mortgage-for-the-gses</link>
    </item>
    <item>
      <title>Capital Change Will Allow Banks to Add to MBS Holdings</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[Federal banking regulators issued a final rule to adjust the enhanced supplementary leverage ratio that applies to large banks. The directive aims to increase bank investments in low-risk assets, including Ginnie Mae MBS.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/236083</guid>
      <pubDate>Thu, 04 Dec 2025 16:32:04 -0500</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/236083-capital-change-will-allow-banks-to-add-to-mbs-holdings</link>
    </item>
    <item>
      <title>Analysts Mull Latest Plan for GSE Reform</title>
      <author>dhollier@imfpubs.com</author>
      <description>
        <![CDATA[Bill Ackman’s plan calls for Treasury to forgive its senior preferred shares, a strategy that some industry observers say would be politically risky for President Trump.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/236008</guid>
      <pubDate>Wed, 26 Nov 2025 10:10:32 -0500</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/236008-analysts-mull-latest-plan-for-gse-reform</link>
    </item>
    <item>
      <title>Trade Groups: Don’t Let GSE Reform Distort TBA Market</title>
      <author>dhollier@imfpubs.com</author>
      <description>
        <![CDATA[Securities industry stakeholders say preservation of the secondary mortgage market, especially MBS futures trading on the TBA market, is essential to keeping mortgage rates low.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/235939</guid>
      <pubDate>Thu, 20 Nov 2025 16:26:44 -0500</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/235939-trade-groups-dont-let-gse-reform-distort-tba-market</link>
    </item>
    <item>
      <title>PIMCO Pushes for More MBS Purchases by Fed</title>
      <author>dhollier@imfpubs.com</author>
      <description>
        <![CDATA[While the Fed is moving away from purchases of agency MBS, portfolio managers at PIMCO believe additional purchases are warranted. In the meantime, the GSEs are increasing their investments.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/235805</guid>
      <pubDate>Thu, 06 Nov 2025 16:06:51 -0500</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/235805-the-next-mbs-buyer-of-last-resort</link>
    </item>
    <item>
      <title>Fed to Shift Balance Sheet Strategy, MBS to Decline </title>
      <author>dhollier@imfpubs.com</author>
      <description>
        <![CDATA[Beginning in December, the Federal Reserve will adjust its balance sheet strategy and no longer reinvest proceeds from payoffs of agency MBS into more MBS.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/235776</guid>
      <pubDate>Thu, 30 Oct 2025 16:30:10 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/235776-fed-signals-end-of-qt</link>
    </item>
    <item>
      <title>GSEs Throttle Green Bond Issuance</title>
      <author>dhollier@imfpubs.com</author>
      <description>
        <![CDATA[Neither Fannie nor Freddie issued any green bonds in the third quarter, though social bond issuance has been relatively healthy.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/235629</guid>
      <pubDate>Thu, 16 Oct 2025 17:32:20 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/235629-gses-throttle-green-bond-issuance</link>
    </item>
    <item>
      <title>More Resistance to Potential Changes at Fannie, Freddie</title>
      <author>dhollier@imfpubs.com</author>
      <description>
        <![CDATA[Key mortgage industry stakeholders say an IPO of GSE stock would have trouble attracting investors if FHFA remains their conservator or they are released without an explicit guarantee.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/235142</guid>
      <pubDate>Thu, 21 Aug 2025 14:39:41 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/235142-more-resistance-to-gse-exit-plans</link>
    </item>
    <item>
      <title>Trump’s Plan for GSEs Not Clear on MBS Market</title>
      <author>dhollier@imfpubs.com</author>
      <description>
        <![CDATA[Mortgage rates and MBS spreads may depend on how the White House structures the proposed IPO for the GSEs and how markets react to a potential merger of the two mortgage giants.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/235059</guid>
      <pubDate>Thu, 14 Aug 2025 16:25:41 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/235059-trumps-plan-for-gses-an-ipo-and-maybe-a-merger</link>
    </item>
    <item>
      <title>VantageScore Move Raises Questions for MBS Investors</title>
      <author>dhollier@imfpubs.com</author>
      <description>
        <![CDATA[It may take time for MBS investors to fully understand how use of the new credit score for underwriting loans sold to the GSEs impacts pricing and hedge strategies.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/234814</guid>
      <pubDate>Thu, 17 Jul 2025 17:45:09 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/234814-vantagescore-move-raises-questions-for-mbs-investors</link>
    </item>
    <item>
      <title>FHFA Changes to CSS May Enable Public Utility Plans</title>
      <author>dhollier@imfpubs.com</author>
      <description>
        <![CDATA[Changes to Common Securitization Solutions, including being renamed U.S. Financial Technology, appear to set the company up to serve additional secondary mortgage market participants.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/234654</guid>
      <pubDate>Thu, 26 Jun 2025 17:21:40 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/234654-css-and-gse-reform</link>
    </item>
    <item>
      <title>Bank Regulator Proposal Could Boost Ginnie Holdings</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[Banking regulators proposed modifying the enhanced supplementary leverage ratio that applies to large banks. If implemented, it could lead to the banks to increase their holdings of Ginnie Mae MBS.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/234664</guid>
      <pubDate>Thu, 26 Jun 2025 17:17:06 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/234664-bank-regulator-proposal-could-boost-ginnie-holdings</link>
    </item>
    <item>
      <title>GSE Reform Messaging Prompting Some Exhales</title>
      <author>dhollier@imfpubs.com</author>
      <description>
        <![CDATA[In the wake of Trump’s social media posts pledging to retain the implicit guarantee for GSE MBS, industry analysts see signs for support for the administration’s plans for GSE reform.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/234448</guid>
      <pubDate>Thu, 05 Jun 2025 16:44:22 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/234448-still-no-consensus-on-trumps-gse-reform-plans</link>
    </item>
    <item>
      <title>Trump Promises Implicit Guarantee for GSE MBS</title>
      <author>dhollier@imfpubs.com</author>
      <description>
        <![CDATA[President Trump attempted to mollify concerns about the post-conservatorship guarantee of GSE MBS, but questions remain about the regulatory treatment of those securities and the TBA market.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/234412</guid>
      <pubDate>Thu, 29 May 2025 16:08:59 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/234412-market-responds-to-trump-gse-comments</link>
    </item>
    <item>
      <title>Grapevine: Fed Stays Course With MBS Holdings; Ginnie Mae Buydown Change</title>
      <description>
        <![CDATA[The Federal Reserve is allowing its MBS holdings to run off in a predictable manner; Ginnie provides more details on change to buydown policy; Cerberus affiliate issues securitization of closed-end second liens.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/234353</guid>
      <pubDate>Thu, 22 May 2025 16:00:24 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/234353-grapevine-fed-stays-course-with-mbs-holdings-ginnie-buydown-change</link>
    </item>
    <item>
      <title>Green and Social Bonds in the Trump Era</title>
      <author>dhollier@imfpubs.com</author>
      <description>
        <![CDATA[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.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/234278</guid>
      <pubDate>Thu, 15 May 2025 16:15:23 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/234278-green-and-social-bonds-in-the-trump-era</link>
    </item>
    <item>
      <title>MBS Guarantee a Stumbling Block for GSE Reform</title>
      <author>dhollier@imfpubs.com</author>
      <description>
        <![CDATA[GSE watchers believe that, to appropriately compensate the taxpayer for their government guarantee, Fannie and Freddie would have to pay a commitment fee as high as $46 billion a year.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/233920</guid>
      <pubDate>Thu, 03 Apr 2025 16:57:19 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/233920-a-conservative-critique-of-ending-the-conservatorship</link>
    </item>
    <item>
      <title>Experts Still Debating Government Guarantee of Agency MBS</title>
      <author>dhollier@imfpubs.com</author>
      <description>
        <![CDATA[Housing finance aficionados like the prospect of a GSE exit from conservatorship that includes the retention of the Treasury’s PSPA, especially if done in conjunction with a sovereign wealth fund.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/233833</guid>
      <pubDate>Thu, 27 Mar 2025 16:54:27 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/233833-experts-still-debating-government-guarantee-of-agency-mbs</link>
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