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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>Freddie to End Exchange Offer That Enabled UMBS</title>
      <author>dhollier@imfpubs.com</author>
      <description>
        <![CDATA[Freddie sets an end date for investors to exchange legacy securities for those created as part of the single security initiative.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/236255</guid>
      <pubDate>Fri, 02 Jan 2026 10:01:34 -0500</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/236255-last-stage-of-the-umbs-revolution</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>GSE MBS Investors Adjust Guarantee Expectations</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[In the early years of Fannie/Freddie conservatorship, investors were seeking an explicit guarantee of GSE MBS as part of any reform effort. More recently, they have shown an acceptance for maintaining an implicit guarantee.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/235515</guid>
      <pubDate>Thu, 02 Oct 2025 16:55:25 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/235515-gse-mbs-investors-adjust-guarantee-expectations</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>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>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>Trump Urged to be Deliberate With GSE Reform Effort</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[Participants in the agency MBS market said if the Trump administration wants to release the GSEs from conservatorship, it should be done in a way that preserves many of the functions currently provided by Fannie Mae and Freddie Mac.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/234340</guid>
      <pubDate>Thu, 22 May 2025 16:12:13 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/234340-trump-urged-to-be-thoughtful-with-gse-reform</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>Former Fannie/Freddie Execs Discuss Complexity of GSE Reform</title>
      <author>dhollier@imfpubs.com</author>
      <description>
        <![CDATA[Three former CEOs of the GSEs this week debated the impact of federal conservatorship, what steps must be taken to safely end the oversight and what the GSEs should look like afterwards.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/233768</guid>
      <pubDate>Thu, 20 Mar 2025 12:36:56 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/233768-former-fannie-freddie-execs-discuss-complexity-of-gse-reform</link>
    </item>
    <item>
      <title>Trump Urged to Maintain Agency MBS Stability</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[If the GSEs are released from conservatorship, some participants in the agency MBS market insist the to-be-announced market, uniform MBS and Fannie/Freddie CRT activity should remain untouched.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/233623</guid>
      <pubDate>Thu, 06 Mar 2025 16:11:45 -0500</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/233623-trump-urged-to-maintain-agency-mbs-stability</link>
    </item>
    <item>
      <title>Capital Rules a Factor in Fannie’s Market Share Decline</title>
      <author>dhollier@imfpubs.com</author>
      <description>
        <![CDATA[Some experts think FHFA’s stability capital buffer has helped Freddie surpass Fannie in both loan purchases and securitizations.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/233000</guid>
      <pubDate>Thu, 19 Dec 2024 17:06:41 -0500</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/233000-are-capital-rules-shrinking-fannies-market-share</link>
    </item>
    <item>
      <title>Momentum Builds for End of GSE Conservatorships</title>
      <author>dhollier@imfpubs.com</author>
      <description>
        <![CDATA[More and more industry insiders believe the Trump administration will attempt to release Fannie and Freddie from conservatorship.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/232860</guid>
      <pubDate>Thu, 05 Dec 2024 15:53:54 -0500</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/232860-momentum-builds-for-end-of-conservatorships</link>
    </item>
    <item>
      <title>Agency MBS Investors Paying Up for Manufactured Housing Loans</title>
      <author>dhollier@imfpubs.com</author>
      <description>
        <![CDATA[Manufactured housing loans remain a tiny fraction of GSE acquisitions, but that share has nearly doubled since 2019 and plays an important role in spec pooling.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/232614</guid>
      <pubDate>Thu, 07 Nov 2024 16:25:59 -0500</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/232614-manufactured-housing-loans-and-agency-mbs</link>
    </item>
    <item>
      <title>Changes to Basel III Endgame Could Impact Agency MBS</title>
      <author>dhollier@imfpubs.com</author>
      <description>
        <![CDATA[Federal Reserve Vice Chair Michael Barr plans to recommend retaining capital requirements for unrealized losses on MBS held in bank portfolios. This provision was in response to the 2023 banking crisis.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/232085</guid>
      <pubDate>Thu, 12 Sep 2024 15:29:21 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/232085-changes-to-basel-iii-endgame-could-impact-agency-mbs</link>
    </item>
    <item>
      <title>CSS Wants to Do More Than Just Issue MBS</title>
      <author>dhollier@imfpubs.com</author>
      <description>
        <![CDATA[Common Securitization Solutions looks to use its data and risk management skills to expand the services it provides the GSEs.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/231996</guid>
      <pubDate>Thu, 05 Sep 2024 15:33:07 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/231996-css-wants-to-do-more-than-just-issue-mbs</link>
    </item>
    <item>
      <title>GSEs’ Social Index Gets a New Name: Mission Index</title>
      <author>dhollier@imfpubs.com</author>
      <description>
        <![CDATA[The new Mission Index will be used to determine which single-family MBS can be designated social bonds.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/230006</guid>
      <pubDate>Thu, 25 Jan 2024 16:19:59 -0500</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/230006-gses-social-index-gets-a-rehab</link>
    </item>
    <item>
      <title>Regulators Urged to Revise Bank Capital Proposal</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[Participants in the MBS and ABS market have widespread concerns about a proposal to adjust capital requirements for large banks. They argue that the proposed capital requirements are unnecessarily high.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/229951</guid>
      <pubDate>Thu, 18 Jan 2024 16:57:44 -0500</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/229951-regulators-urged-to-revise-bank-capital-proposal</link>
    </item>
    <item>
      <title>Mixed Views on FHFA’s GSE MBS Commingle Policy</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[FHFA is looking to reduce capital requirements for the GSEs’ issuance of commingled securities. Some are happy with the agency’s plan, while others argue that no capital requirements are necessary.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/227861</guid>
      <pubDate>Thu, 18 May 2023 16:27:31 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/227861-mixed-views-on-fhfas-gse-mbs-commingle-policy</link>
    </item>
    <item>
      <title>FHFA Regulation of CSS Falls Short of Standard </title>
      <author>dhollier@imfpubs.com</author>
      <description>
        <![CDATA[For more than a year, almost all of the examination responsibilities for CSS have fallen on the shoulders of a single examiner at FHFA.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/227346</guid>
      <pubDate>Thu, 23 Mar 2023 17:12:08 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/227346-fhfa-regulation-of-css-needs-workers</link>
    </item>
    <item>
      <title>Second-Level MBS Issuance Up in 4Q22, REMIC Slides</title>
      <author>jbancroft@imfpubs.com</author>
      <description>
        <![CDATA[Freddie Mac saw a big fourth-quarter increase in Supers issuance that appeared to make up for lost ground earlier in the year. All three agencies posted declines in new REMIC production in the fourth quarter. (Includes two data charts.)]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/227072</guid>
      <pubDate>Thu, 23 Feb 2023 16:50:48 -0500</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/227072-second-level-mbs-issuance-up-in-4q22-remic-slides</link>
    </item>
    <item>
      <title>OIG: Risk Assessment of CSS in the Works</title>
      <author>dhollier@imfpubs.com</author>
      <description>
        <![CDATA[A new report outlines the risks CSS poses for the GSEs and the secondary mortgage market.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/227084</guid>
      <pubDate>Thu, 23 Feb 2023 16:45:55 -0500</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/227084-oig-risk-assessment-of-css-in-the-works</link>
    </item>
    <item>
      <title>FHFA Slashes Commingling Fee; Will It Be Enough?</title>
      <author>dhollier@imfpubs.com</author>
      <description>
        <![CDATA[Even though the upfront fee Fannie and Freddie impose on commingled securities has been sharply reduced, some industry watchers argue that it has permanently damaged the market for Supers and REMICs.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/226824</guid>
      <pubDate>Thu, 26 Jan 2023 15:47:59 -0500</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/226824-fhfa-slashes-commingling-fee-will-it-be-enough</link>
    </item>
    <item>
      <title>Thompson Hints at Changes to Rule on Commingled Securities</title>
      <author>dhollier@imfpubs.com</author>
      <description>
        <![CDATA[FHFA is working on an alternative to the single counterparty fee, triggered by a controversial provision in the new capital rule, that requires the GSEs to hold capital against one another as counterparties.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/225199</guid>
      <pubDate>Thu, 21 Jul 2022 16:43:32 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/225199-thompson-hints-at-changes-to-rule-on-commingled-securities</link>
    </item>
    <item>
      <title>GSE Exposures to New Fee on Commingled Securities Differ</title>
      <author>dhollier@imfpubs.com</author>
      <description>
        <![CDATA[Both Fannie Mae and Freddie Mac foreshadowed the new fee for commingled securities in their SEC filings. (Includes data chart.)]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/225080</guid>
      <pubDate>Thu, 07 Jul 2022 17:07:20 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/225080-gses-have-different-exposures-to-the-new-fee-on-commingled-securities</link>
    </item>
    <item>
      <title>Grapevine: A Shift in Deemed-Issuance Ratio; BWIC Standardization</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[Fannie’s deemed-issuance ratio for 2022 dropped as the government-sponsored enterprise accounted for a lower share of deliveries to UMBS; MISMO is working to standardize the bid-wanted in competition dataset format.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/223155</guid>
      <pubDate>Thu, 02 Dec 2021 17:00:00 -0500</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/223155-grapevine-fannies-deemed-issuance-ratio-down-for-2022-bwic-standardization</link>
    </item>
    <item>
      <title>How to Move from the Cash Window to MBS</title>
      <author>dhollier@imfpubs.com</author>
      <description>
        <![CDATA[Unpacking the transition from cash seller to guarantor. MCT experts and Freddie officials explore differences in pricing, servicing, and operations.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/222243</guid>
      <pubDate>Thu, 19 Aug 2021 15:08:00 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/222243-how-to-move-from-the-cash-window-to-mbs</link>
    </item>
    <item>
      <title>MBS Prepays Slow. A Rocky Road Ahead for Investors?</title>
      <author>pmuolo@imfpubs.com</author>
      <description>
        <![CDATA[Will prepayment speeds on agency product continue to decline? No one knows for certain, but the UMBS 2.5 is waiting in the wings to be the new kid in town.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/222181</guid>
      <pubDate>Thu, 12 Aug 2021 12:29:00 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/222181-mbs-prepays-slow-a-rocky-road-ahead-for-investors</link>
    </item>
    <item>
      <title>FINRA (Again) Proposes New Variation Margin Rule</title>
      <author>dhollier@imfpubs.com</author>
      <description>
        <![CDATA[The new rule would cover the forward settlement exposure for the counterparties in TBA deals.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/221468</guid>
      <pubDate>Thu, 27 May 2021 17:45:39 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/221468-finra-proposes-variation-margining-for-agency-mbs-again</link>
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