Market Trends - More than half of homes in the United States have fallen in price over the last year, contributing to improved affordability [1] - Foreclosure activity is returning to normal levels after years of low volumes due to COVID-era forbearance programs, with foreclosure starts hitting 103,000 in Q3, a 23% increase year-over-year [1] - FHA-backed loans account for approximately 38% of all active foreclosures nationwide, with a 44-basis point rise in non-current rates [1] Mortgage Industry Developments - Independent mortgage banks (IMBs) are facing increased loan production expenses, which rose to 326 basis points in Q3 2025, with per-loan costs at $11,109 [4] - The Mortgage Bankers Association (MBA) is advocating for changes in the credit reporting system to reduce costs for consumers, highlighting the need for more competition in the market [5][6] - The median age of first-time homebuyers has risen to 40 years, with their share falling to 21%, indicating a significant shift in the demographics of homebuyers [7] Economic Indicators - The economic calendar includes various reports such as retail sales and producer prices, which are crucial for understanding market conditions [13] - Treasury trading is influenced more by equity market stability than incoming data, with the 10-year Treasury facing resistance near 4.00% [11] Regulatory Environment - FHFA Director Bill Pulte is under federal grand jury scrutiny as Fannie Mae and Freddie Mac propose rule changes that would require independent mortgage banks to hold more capital, potentially increasing mortgage costs [12]

Core Insights - The Federal Housing Finance Agency (FHFA) has set lending caps of $88 billion each for Fannie Mae and Freddie Mac, totaling $176 billion for multifamily loans in 2026, an increase from $73 billion each in 2025 [6] - The decision is expected to enhance capital availability in the multifamily market and indicates a focus on housing affordability [3][4] - The multifamily market is projected to face nearly $90 billion in maturing debt in 2026, with a significant portion from a lower-rate environment, positioning Fannie and Freddie as viable refinancing options [5] Lending Caps - FHFA has established lending caps of $88 billion for each GSE, allowing a total of $176 billion in multifamily loans for 2026, up from $146 billion in 2025 [6] - The caps for 2024 were set at $70 billion each, and for 2023 at $75 billion each [6] - Loans financing workforce housing will be excluded from next year's limits, with a requirement that at least 50% of GSE multifamily business be mission-driven, affordable housing [6] Market Outlook - The FHFA's decision is seen as a signal for increased multifamily lending activity in 2026 compared to the current year [4] - Industry experts anticipate that the expanded caps will enable GSEs to better support the multifamily market amid conservative lending from banks and non-bank lenders [5]

All right. So, Bob, it's the retail crowd really moving this stock right now. You say the big money, it's not in this name yet.When you're talking about big money, who are you talking about. You talking institutions. Are you talking activist. I mean, exactly who are you talking about.>> Well, you know, um, Bill Aman has been out publicly saying that they he thinks that these two names, Freddy and Fanny, should be out privatized, which is going to fuel a lot more, um, big money coming in from the hedge funds ...

Core Viewpoint - The retail investor crowd is currently driving the stock movement of Fannie Mae and Freddie Mac, while institutional investors have not yet significantly entered the market [1][2]. Group 1: Institutional Interest - Bill Aman, a hedge fund billionaire, advocates for the privatization of Fannie Mae and Freddie Mac, which could attract more hedge funds and mutual funds into these stocks [2][3]. - Bill Py, a member of the Trump administration, also supports the idea of privatizing these entities, indicating a potential shift in regulatory stance [2][4]. Group 2: Market Dynamics - Fannie Mae and Freddie Mac have historically been profitable, offering strong dividends and preferred stocks before facing challenges in 2007 and 2008 [3]. - The stocks have been rising sharply since April and May, although there are currently no options trading available for these stocks, limiting investment vehicles [7]. Group 3: Retail Investor Behavior - There is a potential for increased short interest in these stocks, which could attract retail investors, particularly from the meme stock community, due to their small float [8]. - The correlation between cryptocurrency holders and these stocks is noted, with expectations that movements in the crypto market could positively impact Fannie Mae and Freddie Mac [10][12]. Group 4: Future Outlook - The association with cryptocurrency is seen as beneficial for Fannie Mae and Freddie Mac, with potential for future growth as the market evolves [11][12].

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Group 1: Treasury Market Dynamics - Foreign investors have significantly increased their acquisition of U.S. Treasury securities, particularly in the 3-year and 10-year notes, with a modest rise in 30-year bond purchases [3][9] - Investment funds have shown a mixed demand profile, slightly increasing their purchases of 10-year and 30-year Treasuries while reducing their exposure to 3-year notes [4][9] - The 10-year Treasury yield recently decreased to 4.06% from 4.10%, influenced by a mixed U.S. jobs report and speculation regarding potential Federal Reserve rate cuts [4] Group 2: FHFA Multifamily Loan Purchase Caps - The Federal Housing Finance Agency (FHFA) has set the 2025 multifamily loan purchase caps for Fannie Mae and Freddie Mac at $73 billion each, totaling $146 billion, marking a 4.3% increase from 2024 [5][9] - The FHFA continues to exclude multifamily loans that finance workforce housing, promoting affordable housing preservation, and mandates that at least 50% of the enterprises' multifamily business must support mission-driven, affordable housing [6][9] Group 3: Amazon's Investment in Indiana - Amazon has announced a $15 billion investment project in Indiana, expected to create 1,100 new jobs and add 2.4 gigawatts (GW) of data-center capacity in the region [7][9] - This investment reflects the ongoing demand for data center capabilities, essential for supporting cloud computing, artificial intelligence, and other digital services [7]

Core Insights - The article emphasizes the importance of understanding the terms and conditions when signing up for services, particularly in the context of real estate investment platforms [1] Group 1 - The article highlights that users must agree to the BiggerPockets Terms & Conditions upon signing up [1]

Core Insights - Retail traders have significantly driven the share prices of Fannie Mae and Freddie Mac, which have increased over 500% since Donald Trump's election, but are now experiencing volatility as investors flee amid broader market instability [1][5]. Group 1: Market Dynamics - Recent selloffs in equity markets and losses in cryptocurrency have impacted the share prices of Fannie Mae and Freddie Mac, with a notable drop of over 10% attributed to forced liquidations in the crypto market [2][3]. - Bill Ackman highlighted that the exposure of Fannie and Freddie to crypto is not on their balance sheets but rather through their shareholder bases, suggesting that leveraged crypto investors are selling other assets to cover margin calls [3][4]. Group 2: Investment Sentiment - The shares of Fannie Mae and Freddie Mac have surged six-fold since before Trump's election, driven by expectations that the privatization process will be overseen by Bill Pulte, although specific details and timing remain unclear [5]. - The volatility of Fannie Mae and Freddie Mac shares is reminiscent of the meme-stock phenomenon, with significant price swings occurring due to limited liquidity and trading restrictions since their delisting from the New York Stock Exchange in 2010 [6][7]. Group 3: Future Outlook - Ackman has been a long-time advocate for investing in Fannie Mae and Freddie Mac, asserting that their stocks are undervalued and will rise once the government reduces its stakes, although he cautioned that the process will take considerable time [8].

RT Parker Lewis (@parkeralewis)This is a hilarious take. Fannie Mae has $4.2 TRILLION in debt, with about $70 billion in cash & $100 billion in equity value. Insane leverage, its assets are illiquid mortgages, asset values are being pressured by the Fed sustaining high rates + draining liquidity. But bitcoin! ...

Accessibility StatementSkip Navigation WASHINGTON, Nov. 21, 2025 /PRNewswire/ -- Fannie Mae's (OTCQB: FNMA)Â monthly economic and housing outlook, published by the Economic and Strategic Research (ESR) Group, is now available. The forecast files, which contain the ESR Group's expectations for mortgage rates, single-family and multifamily originations, and real GDP growth, among other data points, can be found here. Opinions, analyses, estimates, forecasts, beliefs, and other views of Fannie Mae's Economic a ...