Fannie Mae (Federal National Mortgage Association)

Rule Changes

Reported to have tightened underwriting; regulator denies a freeze

A Nov. 2 report said Fannie Mae tightened underwriting for New York City rent-regulated apartment buildings and Freddie Mac paused new loans. The report said Fannie assumed rents would stay flat for four to eight years and operating costs would rise at least 5% a year.

Updated 3 days ago

Money Moves

October forecast: 30-year to average 7.4% in Q4 2026 and 7.5% through 2027

Freddie Mac's 30-year rate held at 7.40% in its Oct. 15 survey, the highest since November 2023. On Oct. 28, the Federal Reserve held its benchmark rate at 3.75% to 4%, with two members, Lisa Cook and Beth Hammack, voting for a quarter-point hike.

Updated Oct 31

Rule Changes

As of October 2026: Executing FHFA-directed bond purchase expansion to $225B; target of Pulte-led privatization talks

In early 2025, Trump appointed housing heir Bill Pulte as director of the FHFA, which oversees Fannie Mae, Freddie Mac, and $8.5 trillion in mortgage credit. Within months, Pulte used mortgage data to publicly accuse NY AG Letitia James, Senator Adam Schiff, Fed Governor Lisa Cook, and Congressman Eric Swalwell of fraud, referring them to Justice amid concerns of political retribution.

Updated Oct 1