Sagging home prices forced the GSEs to post a combined $4.34 billion provision for credit losses in the third quarter, undercutting retained earnings. (Includes data chart.)

The volume of multifamily loans the enterprises can purchase will be smaller in 2023, but the FHFA also expanded the mission-oriented qualifications.

Loan-level price adjustments for low-income and first-time borrowers and for loans that meet duty-to-serve requirements will be a thing of the past on Dec. 2.