Freddie Mac-No Politics (FMCC)

[navycmdr]

Freddie Mac Announces Release First Quarter 2024 Financial Results
MCLEAN, Va., April 30, 2024 (GLOBE NEWSWIRE) -- Freddie Mac announced today that it plans to report First Quarter 2024 financial results before U.S. financial markets open on Wednesday, May 1, 2024. pic.twitter.com/qz910RFNfO

— Cmdr Ron Luhmann (@usnavycmdr) April 30, 2024

[Sammy boy]

Gave it all back and more !

[navycmdr]

$FNMA $Net $Worth $Increased to $82 $Billion ...

$4.3 Bil net - That's $3.71 per share for the 1st Qtr

Fannie Mae Net Income $4.3 Billion 1st Qtr 2024 -
10Q Executive Summary of Earnings pic.twitter.com/fsWHapSR4S

— Cmdr Ron Luhmann (@usnavycmdr) April 30, 2024

[QueenVic]

...Maybe this was from yesterday "boost"? 🤔

https://www.foxbusiness.com/personal-finance/todays-mortgage-rates-april-29-2024

[QueenVic]

😺 man is a D R A T E R...

[nagoya1]

Our year old cat keeps waking us up at 5AM, I almost had a “to the moon” kind of a feeling after battling thru insomnia the other morning.
I could send her to Cat man for some much deserved lack of sleep.
He is such a tool, he is still trying to stay “relevent”.
Fmcc

[nagoya1]

Those paid Squeaking Alfalfa posts make me chuckle. As relevent as Catman…
Fmcc

[navycmdr]

Catman posting on X about Conservatorship EXIT !

I hear taking all of it away and giving it to your business partners is an option. You could go kiss some tattoos, get sued and then pay for the settlement and legal fees on their dime!

— Jeremy Cain (@jeremycain_usc) April 29, 2024

[navycmdr]

Freddie Mac Delivers 2024 Equitable Housing Finance Plan

Update to three-year Plan continues progress on equitable and sustainable housing

April 29, 2024 2:15 PM EDT

MCLEAN, Va., April 29, 2024 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today published its Equitable Housing Finance Plan and Performance Report for 2023 along with revisions to its 2024 objectives and actions within its three-year Equitable Housing Finance Plan. The Plan is the company’s roadmap to promote sustainable homeownership and rental opportunities for traditionally underserved communities across the nation. Since 2022, Freddie Mac has helped more than 764,000 minority borrowers purchase or refinance a home, accounting for approximately 33 percent of the company’s Single-Family acquisitions.

“Our Equitable Housing Finance Plan is an important component of Freddie Mac’s mission-driven efforts to expand homeownership and improve outcomes for underserved families,” said Pam Perry, Single-Family Vice President of Equitable Housing at Freddie Mac. “In our Single-Family business, our Plan builds on the initiatives that are proven to work – down payment assistance, Special Purpose Credit Programs and consumer education, among other initiatives. While there is more work to be done, we are making steady progress.”

“Freddie Mac’s multifamily efforts are focused on creating and preserving affordable rental housing, driving meaningful advancements for renters and building a more diverse and equitable multifamily finance industry,” said Corey Aber, Multifamily Vice President of Mission, Policy & Strategy at Freddie Mac. “Through this work, we are helping address supply and affordability challenges that acutely impact underserved communities, as well as advance resident-centered practices and increase opportunities for diverse and emerging borrowers and lenders.”

The company today also published a progress report highlighting its accomplishments against the 2023 Plan.

Updates found within this year’s Plan include the following:

Expanding Access to Down Payment Assistance to help first-time homebuyers. In 2023, Freddie Mac launched DPA One®, a free, one-stop shop that helps lenders and loan officers quickly find and match borrowers to down payment assistance programs nationwide. Since its release, over 3,600 loan officers have registered for DPA One, which includes nearly 700 DPA programs covering 49 states and the District of Columbia. Throughout 2024, Freddie Mac will continue to enhance the tool and promote DPA One to industry partners focusing on underserved communities.
Using Special Purpose Credit Programs (SPCP) to make homeownership possible for underserved communities. Under the Plan, Freddie Mac will continue purchasing loans originated through both lender SPCPs and its own SPCP, BorrowSmart AccessSM. BorrowSmart Access provides down payment assistance and financial education to eligible families. In 2023, Freddie Mac purchased more than 9,300 SPCP loans, the majority of which supported homeownership for families of color. In its new Plan, the company committed to purchasing another 10,000 loans originated in 2024.
Expanding initiatives to help renters build credit and achieve homeownership. The company is doing this in two ways: establishing and improving credit scores and considering a history of on-time rent payments in loan purchase decisions. To date, approximately 500,000 renters have enrolled in Freddie Mac’s renter credit building initiative, with more than 300,000 of them increasing their credit score and more than 55,000 participants establishing credit scores for the first time. In 2024, the company will continue to expand this initiative to additional multifamily properties, with a goal of making on-time rent reporting an industry standard.

Freddie Mac also took steps to expand access to credit for historically underserved borrowers by using alternative credit data — including rent payment history — as part of the company’s loan purchase decisions. The company will continue this work in 2024 by exploring additional product enhancements and continuing outreach to borrowers and lenders to increase awareness and increase lender adoption of our digital tools.
Expanding Opportunities for Diverse and Emerging Lenders and Market Participants. To increase diversity across housing finance, Freddie Mac Multifamily launched an emerging correspondent program to help small financial institutions access Freddie Mac capital, including minority depository institutions and Community Development Financial Institutions. In 2023, the company set a new requirement for multifamily lenders to execute at least one correspondent agreement.

To increase opportunities for diverse and emerging multifamily borrowers, Freddie Mac is bridging the relationship and information gaps that can hold emerging industry players back as they seek to grow and access capital. Through a cohort of Diverse and Emerging Sponsors, Freddie Mac Multifamily helps build connections to expand the industry, create relationships and impact the market for years to come.

The company also expanded its Develop the DeveloperSM Academy, a program designed to increase the number of woman and minority-owned developers in underserved areas. In 2023, Freddie Mac trained more than 119 developers who account for 197 new single-family units and 485 new multifamily units currently in development.
Supporting the creation, preservation and rehabilitation of affordable housing by further expanding its use of multifamily Forward Commitments, which are commitments to provide permanent financing for new rental units or substantial rehabilitation of a multifamily property. In 2023, the company committed to funding more than 22,000 units through Forward Commitments, exceeding its goal for the year. In 2024, Freddie Mac will fund an additional 20,000 units through Forward Commitments.

Freddie Mac is also committed to preserving rent levels by providing incentives for multifamily borrowers in exchange for a commitment in the loan agreement to keep rents for a percentage of units affordable over time. This is critically important for working families to ensure rents remain predictable and affordable. In 2023, the company exceeded its goal for preservation with more than 3,200 units. In year three of the Plan, the company has committed to preserving rents for an additional 5,000 units.

To help maintain existing stock of affordable rental housing, Freddie Mac is using its multifamily loan offerings to support the rehabilitation of affordable and workforce rental housing. The company exceeded its goal of 10,000 rehabilitated units and has committed to funding an additional 10,000 units in the 2024 Plan.
Educating the industry and consumers by providing outreach, resources and research to expand housing opportunities, particularly for diverse homebuyers. Efforts in 2023 resulted in more than 500,000 consumers being reached through education and counseling, 70% of whom self-identified as people of color. The company also launched the new Spanish-language version of CreditSmart® Essentials, its comprehensive financial capability curriculum for consumers.
Freddie Mac’s Equitable Housing Finance Plan includes a series of actions to advance equity in both the single-family and multifamily housing markets. The ambitious set of initiatives focuses on five core areas: addressing the homeownership gap, strengthening investment within formerly redlined areas, financing the creation and preservation of affordable housing, increasing opportunities for renters and helping to eliminate disparities among underserved communities. The Plan sets goals, outlines actions to achieve those goals and includes an annual progress report.

For additional information, read the 2024 Plan, 2023 Progress Report, and the company’s fact sheet. Learn more about Freddie Mac’s diversity, equity and inclusion efforts.

About Freddie Mac
Freddie Mac’s mission is to make home possible for families across the nation. We promote liquidity, stability, affordability and equity in the housing market throughout all economic cycles. Since 1970, we have helped tens of millions of families buy, rent or keep their home. Learn More: Website | Consumers | Twitter | LinkedIn | Facebook | Instagram | YouTube

MEDIA CONTACT:
Chad Wandler
703-903-2446
[e-mail]

[navycmdr]

FHFA Announces Release of Fair Lending Final Rule

Enterprise Equitable Housing Finance Plan Updates are also published

FOR IMMEDIATE RELEASE - 4/29/2024

Washington, D.C. – The Federal Housing Finance Agency (FHFA) today released its Fair Lending, Fair Housing, and Equitable Housing Finance Plans Final Rule, together with Fannie Mae and Freddie Mac’s (the Enterprises) Equitable Housing Finance Plan updates for 2024 and Performance Reports for 2023.

The final rule codifies in regulation FHFA’s fair lending oversight requirements for the Enterprises and the Federal Home Loan Banks; the Enterprises’ Equitable Housing Finance Plans (Plans); collection of homeownership education, housing counseling, and language preference information from the Supplemental Consumer Information Form (SCIF); and new Federal Home Loan Bank reporting requirements.

Since the release of their Plans in June 2022, the Enterprises have made significant progress towards ensuring all borrowers and renters have access to fair, sustainable, and equitable housing opportunities. The Enterprises have served close to 2.6 million families under the Plans by educating consumers, reducing closing costs, introducing innovation into underwriting, and combating appraisal bias. The Enterprises also propose new actions for 2024, including a focus on promoting homeownership for first-generation homebuyers.

“As we reflect on the significance of Fair Housing Month, FHFA and its regulated entities will continue to address barriers that make affordable housing difficult to find,” said FHFA Director Sandra L. Thompson. “These initiatives are critically important at a time when housing affordability remains a persistent challenge.”

FHFA will seek public feedback to inform the next three-year Plans through a Request for Input and listening session. FHFA expects to hold a public listening session in June 2024, and anticipates releasing the next Plans in January 2025.

[navycmdr]

FHFA Announces New Division of Public Interest Examination

FOR IMMEDIATE RELEASE - 4/29/2024

Washington, D.C. – The Federal Housing Finance Agency (FHFA) today announced the creation of a new Division of Public Interest Examination (DPIE), which will be responsible for supervisory oversight of the Agency’s regulated entities in the areas of affordable housing, community development, diversity and inclusion, consumer protection, and fair lending. FHFA serves as regulator and conservator of Fannie Mae and Freddie Mac (the Enterprises) and regulator of the Federal Home Loan Bank System.

Establishment of the new division will highlight the Agency’s focus on public interest examinations and increase synergy and collaboration between existing public interest examination programs. James Wylie will serve as the Deputy Director for DPIE. Wylie has led FHFA’s Office of Fair Lending Oversight since 2018.

“FHFA has a statutory obligation to ensure our regulated entities operate in the public interest,” said Director Sandra L. Thompson. “Since joining the Agency, James has guided FHFA in maturing its fair lending supervision program, and he is well prepared to lead and strengthen these critical supervision functions.”

This organizational change has been shared with National Treasury Employees Union (NTEU) Chapter 343, and FHFA is committed to working with the union to complete impact and implementation bargaining.

About James Wylie: Wylie previously served as the Associate Director of FHFA’s Office of Fair Lending Oversight. Prior to joining FHFA, he worked on consumer protection and fair lending regulations at the Consumer Financial Protection Bureau and on fair housing matters at the Department of Housing and Urban Development. Wylie has also been an instructor for the National Fair Housing Training Academy. He has a J.D. from the University of Oklahoma and a B.A. in history from the University of Tulsa.

[navycmdr]

Fannie Mae Q1 2024 Earnings Preview

Apr. 29, 2024 12:07 PM ETFederal National Mortgage Association (FNMA) StockBy: Mary Christine Joy, SA News Editor2 Comments

Fannie Mae (OTCQB:FNMA) is scheduled to announce Q1 earnings results on Tuesday, April 30th, before market open.

The consensus EPS estimate is $0.00 and the consensus revenue estimate is $7.65B.

[trunkmonk]

With or without illegal opines? FMCC above 1.45, looking good today.

[Viking61]

Boom Navy! Freddie is now at $1.46🚀

[Viking61]

New CNN poll shows Trump leading Biden by 49%~43%! We also are finishing another Bull Pennant? GLTA!

[navycmdr]

$Boooom ! .... $Freddie $1.44 _ +.06 _ +4.71%

[nagoya1]

It says s Enlargement Page Limitation- referring to 55 pages…can Porky judge just disappear somewhere where we’ll never hear about him anymore. He is a total waste of space and a hinderance to the case.
How xan a biased judge continue with this case doesn’t compute…
Fnma

[Ace Trader]

Will they get extended ?

Will Judge Porky rule that the Jury 8-0 stands and Gov must pay up?

If Gov has to pay up then, is the another filing motion on payment and what type of payment?

This could drag out for another 1 or 2 years?

I don't know if and when we see a dime but I AN'T SELLING 1 SHARE !!!!

[primewa]

Bidenomics along with all the his administration need to go for a new job. MAGA will reclaim WH and straighten out from wrong to right. Continue support war oversea and keep taxing the taxpayers here. Nov 24 will make all the Brandon regime out for good and F&F will be free at last and be liberate. The crooks all in together no matter right or wrong. Anytime the crooks still in F&F sh business the Cship will be continue. No issues whatever give away Billion of Billion war in Ukraine and ME from taxpayers so hypocrisy and here taxing every American family to death. Over spending by the crooks now will go back to taxpayers taxing them again and again so BS. Again, don't believe what the crooks say but see what crooks do.

https://www.foxnews.com/politics/bidens-capital-gains-tax-proposal-could-have-major-economic-impact-experts-say

https://abcnews.go.com/US/wireStory/planning-potential-presidential-transition-underway-biden-administration-kicks-109703717

[tutt1126]

What is ecf 425 ?

In court, ecf should stand for Electronic Case File

What is 425 ?
What Is SEC Form 425?

SEC Form 425 is the prospectus document companies must file to disclose information about their business combinations. A business combination may refer to a merger between two or more companies, 

Correct me if I am wrong.

[navycmdr]

the Lamberth Final Damages Deadlines ....

[stockprofitter]

Just be careful they don’t cancel P shares
They become a debt instrument after cship#fanniegate #fnmas

— Nico (@nicosintichakis) April 26, 2024

[Sammy boy]

Friday’s are always Red!

[Louie_Louie]

Release us into this mess? I said stagflation was coming about 9 months ago....
This will do wonders for the housing market! NOT! Mortgage rates will be heading for 8-9%
Our Democrat friends defend all this economic mess, and now the ruler in chief wants to tax capital gains 45-50% !!! Every investor will dump here if that happens. Maybe that's their plan? chase all investors away so they can coop all companies via conservatorships! Almost endless government spending would insue. lol No one would make anything though, We'd all be working Orwell 1984 style jobs.

https://www.newsmax.com/finance/streettalk/gdp-recession-federal-reserve/2024/04/25/id/1162489/

[Louie_Louie]

Seems there are far fewer posters on the FNMA board🤔, Nothing but mostly antagonists with a few good guys. Being done by design, no doubt. I hope the riff-raff stays off of this board, but rats tend to follow in packs.

No release will be done by this administration, their plate is overflowing with dumpster fires, election fixing, Dimetnia back covering, media avoidance, Free-be give aways and the court cases challenging that , and then there's that nasty inflation and illegals they seem to not understand how to control by stopping needless spending (give aways) and closing a border. So lots of SNAFU's and nobodies home in the White House. I think we (the GSE's) are safe until the next administration, then, if the cards fall right, we could finally make head way out of this nightmare.
JMHO & GLTA

[primewa]

To crooks in charged F&F and crooks run gov continuing to put F&F in Cship. Passing 95 Billion will not bring peace. Just like needle in the haystack? In the mean time so many local people and infrastructure, hospital raise awareness asking for donation for sick children's here need help badly instead protect other country will make more families dying in the war by war profiteering and from the war monger instead of peace. Crooks will have new job position after Nov 2024. Imaging this all your siphon $$$ from F&F shareholder profit will be investigate by the DJT administration. Enjoy while you can crooks because the clock is ticking and F&F SH will be celebrating free at last and hoping no MAD for war because the planet earth is suffering enough.

https://thehill.com/regulation/court-battles/4621749-supreme-court-justices-skeptical-of-sweeping-immunity-claims-by-trump/

[nagoya1]

Coal mining isn't going away for quite a while, while people from many countries are told to go green by all the govrats and use EVs, India can use coal until 2070 to generate their coal powered electricity. Trying to figure that one out. My friends in Canada are told to stop using wood as a source of heating while India burns coal. YUP, there are also some cities that are forcing bakeries and bagel shops to stop using wood stoves. The govrats can stick it up their butts.
FMCC

[navycmdr]

Freddie Mac mortgage portfolio is

now $3.496 Trillion - it increased

+3.2% in March annual rate ....

[nagoya1]

Hoping it was skaterdumbo that made the Fnmas trading mistake…
Still far off from his bozo 0.05 call
Fmcc

[blownaccount9]

Oh my god someone definitely fat fingered that. Casual $100,000 mistake Jesus Christ. Either that or it was some type of contract order that executed on this day at that set price. Who knows.

[navycmdr]

Fannie Mae book of business continues slump in March

Apr. 25, 2024 -Federal National Mortgage Association (FNMA) StockFMCCBy: Max Gottlich, SA News Editor

https://seekingalpha.com/news/4094526-fannie-mae-book-of-business-continues-slump-in-march

[navycmdr]

$Booom ! Freddie Mac mortgage portfolio

increases at 3.2% annual rate in March

https://seekingalpha.com/news/4094592-freddie-mac-mortgage-portfolio-increases-at-32-annual-rate-in-march?mailingid=35163240&messageid=2900&serial=35163240.1181&source=email_2900&utm_campaign=rta-stock-news&utm_content=link-3&utm_medium=email&utm_source=seeking_alpha&utm_term=35163240.1181

Federal Home Loan Mortgage Corporation

(FMCC) | By: Liz Kiesche, SA News Editor

[navycmdr]

what jus traded happened to FNMAS ???

50,000 shares @ $2.275 ? -$2.15 ?

major TANK ?? fat finger mistake ? dunno but CRAZY

[QueenVic]

Coal mining is still an important source, although these "make it ALL Green" people think anything that uses petrol and fire they want to ban it all...
Lee Alexander: he probably learned a thing or two when Sammy "the Bull" Gravano was hiding booze from the Feds while staking it out there in Fulton, NY.
Schumer, Gov.Karen Choke-hold, Eric Adams of NYC, and whoever else represents the "left side" of New York spread their narrative of unjustified -stupidity-lack of sense-business.
I'm Anxious to get out of Dodge, but I'm still taking care of my mom.

[trunkmonk]

my grandfather was a coal miner, actually he was united mine workers union back in the day before merged with Steel workers. the city is very old and winters are harsh. instead of getting taxed, governments should pay people to live there. the whole country is messed up and so corrupt, people are typically ignorant with the truth. which is kinda why we are so stuck in GSE bizarro world. CNS has not seen anything from Micron? where is Schumer, he is fake too. Someone go dig up Lee Alexander, although democrat, he brought jobs there. sell and move south, there is nothing good for normal middle class people up there anymore.

[navycmdr]

Are credit bureaus, housing groups in cahoots to kill @FICO scores? https://t.co/1MGIA1SUts | So why did the major credit bureaus raise the cost of buying credit scores for mortgages?? Because they can and @joeBiden says not a word.... @Experian_US

— Richard Christopher Whalen (@rcwhalen) April 25, 2024

[QueenVic]

...Micron (aka as Fake-ron) has not been a keen topic for the folks here in Onondaga county. I'll see if it does come to fruition, then sell my house.

SYR is still a hot mess. Too many of the issues for this "metropolitan city" has become like Detroit and Chicago. (And basically all over)... Mongo, come back home and make it better! 😇

I'm a native Pennsyl-tucky coal miner g'daughter. Luzerne County- that is!

[QueenVic]

His arse should've been 🔥F I R E D🔥

[nagoya1]

I am a little bit confused- wasn’t this letter already out last week. Why should we boom today rather than after rubber chicken luncheon lover ST issued the letter…fmcc

[Louie_Louie]

As expected. They parrot about not wanting to expose taxpayers to the risk....the risks THAT THEY CREATE by meddling, by mandating their ludicrous affordable housing mandates. So, she is saying as I have long expected....even after releasse the FHFA will have it's grimy hands into dictating housing affordability (give aways) policy, picking winners and losers and the goal of redistributing wealth - socialist agenda. The JPS better wakey, wakey....They will not get anything speccial, as I have stated here multiple times. They will be denied any dividends, along with commons holders for years after release. Commons will have the benefit of of share price increase that will work in their favor much more than JPS, for a time. But, even commons will be limited in price increase until dividends get reinstated. I'm betting they have concocted a release decree that stipulates an on going FHFA involvement for years, and with that, an imposibility for shareholders to vote a new BOD, since we all will still be minor holders of shares (20.1%). Why? because they can concoct what ever their dear ittle criminal hearts want to, they own the courts, as we've found out.

If the GSE's are not set completely free it will inhibit any type of capital raise drastically unless the FHFA sells off something of THEIR SENIORS OR WARRANTS to lessen their control, but they'll never sell enough of any of their illegal gains to lose a controlling majority stake, much like what Buffet does. All while the FHFA leech stays fastened in place so they can grow their head count.

[navycmdr]

Fannie Mae Housing Forecast thru 2025 ....

[navycmdr]

Releasing the GSEs from conservatorship into an offering, with a consent decree defining their allowable ROE, periodic commitment fee, etc, would go a long way towards helping @POTUS address #HPI, the @federalreserve manage their MBS rolloff & in supporting market liquidity.

— joshua rosner (@JoshRosner) April 16, 2024

1) Fannie and Freddie had an implied guarantee for years without impact to ratings 2) today they would exit with a periodic commitment fee that provides a stand-by line behind significant statutory and regulatory capital. It seems Chris is playing for the greedy asset managers…

— joshua rosner (@JoshRosner) April 15, 2024

Newly leaked video reveals grueling 3rd amendment negotiations between Ed DeMarco and Tim Geithner
pic.twitter.com/iB6acdCEt2

— Matt Hill (@hill_matt) April 4, 2024

[trunkmonk]

I was born and raised there. If Joey is popular there, then its a mess. Its blue collar city with white collar burb jobs

[trunkmonk]

🚀🚀🚀🚀🚀🚀🚀GSE = Free....Im getting closer to my Home💥💥
✝️✝️✝️✝️✝️✝️✝️✝️✝️✝️✝️✝️✝️✝️✝️✝️✝️✝️✝️✝️✝️✝️✝️

[navycmdr]

FNMA - BUY BUY BUY .... Bullish Doji Star ....

[navycmdr]

$Boooom ! ... as per the Director of the CONSERVATORSHIP ...

Reforms have been COMPLETED ! - EXIT CONSERVATORSHIP NOW !

[navycmdr]

Can’t believe it’s been almost 12 years since Ed DeMarco announced the Net Worth Sweep amendment at the 2012 MBA Annual Convention...
He was pure fire!@FannieMae @FreddieMac @FHFA $FNMAS $FNMA #FannieGate pic.twitter.com/cp8YdUvdZv

— Matt Hill (@hill_matt) April 25, 2024

[QueenVic]

...AI Joe is "visiting" Syracuse today 🤮

[trunkmonk]

My man Rodney post from udder board. any FHFA with any leadership ability and honest professional goals can eliminate SP discussion forever.

https://www.congress.gov/110/plaws/publ289/PLAW-110publ289.pdf


HOUSING AND ECONOMIC RECOVERY ACT OF 2008

RESTRICTION ON CAPITAL DISTRIBUTIONS.— page 2731
‘‘(1) IN GENERAL.—A regulated entity shall make no capital distribution if, after making the distribution, the regulated entity would be undercapitalized. The exception.

Quote: “Page 2732

EXCEPTION.—Notwithstanding paragraph (1), the Director may permit a regulated entity, to the extent appropriate or applicable, to repurchase, redeem, retire, or otherwise acquire shares or ownership interests if the repurchase, redemption, retirement, or other acquisition— ‘‘(A) is made in connection with the issuance of additional shares or obligations of the regulated entity in at least an equivalent amount; and ‘‘(B) will reduce the financial obligations of the regulated entity or otherwise improve the financial condition of the entity.’’.

NOTE: REPURCHASE, REDEEM, RETIRE...

WILL REDUCE THE FINANCIAL OBLIGATIONS OF THE REGULATED ENTITY.

[navycmdr]

Delinquencies on Agency MBS Decline in First Quarter

[e-mail]

Delinquency rates were down for all three government agencies and in every late payment category as of the end of the first quarter of 2024, according to a new analysis by Inside Mortgage Trends of loans in agency mortgage-backed securities.

The overall delinquency rate across all three agencies declined 36 basis points in the first quarter to 2.78%.

The default rate for loans in Fannie Mae and Freddie Mac MBS dropped to 1.20% at the end of March, down from 1.37% at the end of December.

Some 6.97% of loans in Ginnie Mae MBS were in default at the end of March, down from 7.90% in the previous quarter. Both FHA and VA saw overall declines in late payments during the first quarter.