Fannie Mae-No Politics (FNMA)

[navycmdr]

Increasingly, Fannie and Freddie are Sticking to Core Activities

Tuesday Nov 1, 2022 - [e-mail]



Rising interest rates and new pricing policies initiated by the Federal Housing Finance Agency have driven down the “noncore” share of business at the government-sponsored enterprises, according to a new Inside Nonconforming Markets analysis.

Noncore products — including conforming jumbos, cash-out refinances, and investment-property and second-home mortgages — are areas where the non-agency market can conceivably compete with Fannie Mae and Freddie Mac.

In the third quarter of 2022, roughly 73% of the dollar volume of loans included in GSE MBS issued during 3Q22 were core products — the highest reading since 2014.