Seller repurchases of defective Fannie/Freddie loans increased 19% from the first to the second quarter of 2026. Although the 2025 book appears to be one of the cleanest in recent years, unresolved buyback claims were up 18% in the second quarter. (Includes three data tables.)

Analysts worry that FHFA’s aggressive policy moves on credit scores are more about saving consumers money than the safety and soundness of the mortgage system.

The FHFA noted that its OIG budget was nine times larger than the average across federal agencies. Critics say the cuts are intended to protect FHFA Director Bill Pulte and President Trump.