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    <title>Fannie Mae</title>
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      <![CDATA[Description+goes+here]]>
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    <item>
      <title>Residential Mortgage Securitization Rate Steady in 2025</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[Some 68.0% of mortgages originated in 2025 were sold into MBS. Securitization rates were stable across most products, except for expanded-credit mortgages, where the securitization rate increased sharply. (Includes data table.)]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/237025</guid>
      <pubDate>Thu, 26 Mar 2026 16:59:14 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/237025-residential-mortgage-securitization-rate-steady-in-2025</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>GSE Portfolios Continue Shift to MBS</title>
      <author>dhollier@imfpubs.com</author>
      <description>
        <![CDATA[Fannie Mae’s retained mortgage portfolio surpassed the size of Freddie Mac’s in January, a first since 2022 as Fannie is adding to its MBS holdings at a faster rate than Freddie.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/236823</guid>
      <pubDate>Thu, 05 Mar 2026 16:51:51 -0500</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/236823-gse-portfolios-continue-shift-to-mbs</link>
    </item>
    <item>
      <title>Figure Looking to Take Market Share From GSEs</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[Figure Technology Solutions is working to facilitate originations and sales of first-lien mortgages, touting lower costs and modern technology compared with delivering loans to Fannie Mae and Freddie Mac.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/236839</guid>
      <pubDate>Thu, 05 Mar 2026 16:46:55 -0500</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/236839-figure-looking-to-take-market-share-from-gses</link>
    </item>
    <item>
      <title>Fannie and Freddie MBS Portfolios Balloon in 4Q</title>
      <author>dhollier@imfpubs.com</author>
      <description>
        <![CDATA[MBS holdings in the retained mortgage portfolios of the GSEs doubled between June 2025 and the end of the year. And that’s before President Trump directed them to buy $200 billion of MBS. (Includes data table.)]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/236673</guid>
      <pubDate>Thu, 12 Feb 2026 16:40:35 -0500</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/236673-gse-portfolios-balloon</link>
    </item>
    <item>
      <title>Republicans in House Working on GSE Reform Bill</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[Republicans are poised to introduce a bill that would codify reforms of the GSEs that have been completed administratively. The bill would also establish a utility model framework for Fannie Mae and Freddie Mac and alter how calculations are made to annual changes in loan limits.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/236660</guid>
      <pubDate>Thu, 12 Feb 2026 16:39:36 -0500</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/236660-republicans-in-house-working-on-gse-reform-bill</link>
    </item>
    <item>
      <title>GSEs Shifting Practices With Cash Window</title>
      <author>dhollier@imfpubs.com</author>
      <description>
        <![CDATA[Fannie Mae and Freddie Mac appear to be using aggressive pricing at the cash window to boost whole loan purchases, then retaining the most attractive coupons.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/236665</guid>
      <pubDate>Thu, 12 Feb 2026 16:38:37 -0500</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/236665-whats-happening-at-the-cash-window</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>GSE MBS Buying Tightens Spreads, Adds Uncertainty</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[President Trump effectively directed the GSEs to fill in the role that the Fed had been serving in terms of agency MBS investments. The stimulus could be short lived, with the purchases expected to wrap up by June.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/236406</guid>
      <pubDate>Thu, 15 Jan 2026 16:16:24 -0500</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/236406-gse-mbs-buying-tightens-spreads-adds-uncertainty</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>GSEs Seen as Ill-Equipped to Prop Up MBS Market</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[As long as the GSEs are profit-seeking entities, Urban Institute analysts suggest that allowing Fannie and Freddie to buy large amounts of agency MBS would leave the GSEs “with every incentive to swell their balance sheets to enormous levels during these periods of volatility.”]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/236338</guid>
      <pubDate>Thu, 08 Jan 2026 17:43:18 -0500</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/236338-gses-seen-as-ill-equipped-to-prop-up-mbs-market</link>
    </item>
    <item>
      <title>GSE-Eligible Securitization Rate Climbs in Third Quarter</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[The securitization rate for residential mortgages originated during the third quarter was near the same level seen in 2019. Meanwhile, the share of GSE-eligible mortgages that flowed into MBS increased.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/236235</guid>
      <pubDate>Fri, 02 Jan 2026 10:07:20 -0500</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/236235-gse-eligible-securitization-rate-climbs-in-third-quarter</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>Lenders Facing Some Uncertainty With GSE Cash Window</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[Some large lenders are seeing their cash-window availability capped or being cut off altogether, according to trading advisors. Communications from the GSEs and FHFA on the matter are vague.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/236135</guid>
      <pubDate>Thu, 11 Dec 2025 16:30:20 -0500</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/236135-lenders-facing-some-uncertainty-with-gse-cash-window</link>
    </item>
    <item>
      <title>Fannie’s MBS Holdings Jump in October</title>
      <author>dhollier@imfpubs.com</author>
      <description>
        <![CDATA[The growing securities holdings in Fannie’s retained mortgage portfolio include a large share of non-Fannie agency MBS.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/236139</guid>
      <pubDate>Thu, 11 Dec 2025 16:29:21 -0500</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/236139-fannie-surges-mbs-holdings</link>
    </item>
    <item>
      <title>Federal Reserve Ends Balance Sheet Reduction</title>
      <author>dhollier@imfpubs.com</author>
      <description>
        <![CDATA[Federal Reserve Ends Balance Sheet ReductionAfter 42 straight months of allowing its security holdings to run off, the Federal Reserve finally said “enough.” The central bank’s current balance sheet: $6.134 trillion.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/236051</guid>
      <pubDate>Thu, 04 Dec 2025 16:33:59 -0500</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/236051-central-bank-ends-balance-sheet-reduction</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>Pressure Builds for GSEs to Add to MBS Holdings</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[Trade groups representing smaller lenders called on the Trump administration to prompt the GSEs to increase their holdings of MBS as a way to reduce mortgage rates.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/235717</guid>
      <pubDate>Thu, 23 Oct 2025 16:45:57 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/235717-pressure-builds-for-gses-to-add-to-mbs-holdings</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>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>Securitization Rate for Residential Mortgages Down in 2Q</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[The securitization rate for residential mortgages came down after reaching an elevated level in the first quarter of 2025. The rate declined for both GSE-eligible mortgages and non-agency loans during the second quarter. (Includes data table.)]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/235422</guid>
      <pubDate>Thu, 25 Sep 2025 16:16:55 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/235422-securitization-rate-for-residential-mortgages-down-in-2q</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>GSE CRT Issuance Ebbs in Second Quarter</title>
      <author>dhollier@imfpubs.com</author>
      <description>
        <![CDATA[Credit-risk transfer activities at Fannie Mae and Freddie Mac wobbled in the second quarter after a modest increase in the first three months of 2025. Issuance fell for STACRs but not for CAS notes. (Includes data table.)]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/235127</guid>
      <pubDate>Thu, 21 Aug 2025 14:38:42 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/235127-gses-crt-issuance-ebbs-in-second-quarter</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>
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