How Investors Should Play The $200B Mortgage Bond Initiative In the US
Raising Fannie and Freddie purchase caps from $40B to $200B aims to boost mortgage liquidity, benefiting underwriters, builders, and retailers while hindering privatization.
Stock buybacks become housing policy's latest pressure point
Public homebuilders face constrained margins and rising incentives, leading to buybacks being criticized despite fragile economics and potential leverage from government-backed mortgage liquidity.
Fannie Mae's Q3 2025 earnings rise to $3.9 billion
Fannie Mae trimmed $173 million in administrative expenses, raised earnings to $3.9 billion, and supplied significant mortgage liquidity amid leadership changes.
Freddie Mac Q3 2025 earnings reveal $2.8B net income
Freddie Mac earned $2.8 billion in Q3, provided more than $124 billion in housing liquidity, financed hundreds of thousands of mortgages and rental units, and prioritized affordability.