$FMCC

Community Home Lenders of America advocates for more credit score competition, including Fannie Mae and Freddie Mac's proprietary scores, alongside FICO and VantageScore. Fannie and Freddie will disclose their scores in MBS disclosures. Rocket Mortgage and United Wholesale Mortgage report VantageScore 4.0 can yield better results for some borrowers. FHFA plans to unify pricing grids for both scoring models. CHLA also pushes for lower credit-score pricing.

Fannie Mae and Freddie Mac reported August multifamily mortgage delinquencies. Freddie Mac's rate hit a 20-year high at 0.64%, up from 0.6% in July. Fannie Mae's rate fell to 0.57% from 0.62% in July. Rising delinquencies may reflect slowing rent growth and increased cost of living, according to Multifamily Dive and Urban Institute research.

Michael Burry, investor, retains stakes in Fannie Mae (FNMA) and Freddie Mac (FMCC) despite recent declines and a weak housing market. FNMA and FMCC fell 9% and 8% respectively on Tuesday. Burry believes a government announcement could revalue the mortgage giants, despite FHFA's recent policy alignment. He sees potential for significant gains if the Treasury's senior preferred claim is reduced or eliminated, but warns of further downside if no action is taken. Both stocks have dropped over 65% i

FHFA director Bill Pulte directed Fannie Mae (FNMA) to align its servicing policy with Freddie Mac (FMCC), allowing servicers to proactively contact borrowers for mortgage insurance cancellation. FNMA shares dropped 9% and FMCC nearly 8% following the directive. Higher rates may lead to homeowner sell-offs or refinances, but a 2008-like crisis is not expected.

Fannie Mae mortgage servicers can now contact borrowers about eligible private mortgage insurance (PMI) cancellations, according to FHFA Director William Pulte. This aligns Fannie Mae with Freddie Mac's existing policy. Fannie Mae and Freddie Mac require PMI on mortgages over 80% loan-to-value (LTV), which must be cancelled at 78% LTV. Analysts expect modest impact on mortgage insurers, with potential benefits including share repurchases. U.S. Mortgage Insurers support the change, citing increas

Fannie Mae and Freddie Mac expanded VantageScore 4.0 availability to all approved lenders for single-family mortgages, effective immediately. Both GSEs updated their automated underwriting systems to support the new credit score model. Lenders can choose between Classic FICO or VantageScore 4.0 for eligible loans. Pricing matrices were updated to reflect loan-level price adjustments and credit fees for VantageScore 4.0.

Fannie Mae and Freddie Mac now accept VantageScore 4.0 for all lenders, alongside Classic FICO. Lenders must use the same model for all borrowers on a loan. Fannie and Freddie updated pricing guidelines for VantageScore 4.0. Rocket Mortgage and United Wholesale Mortgage lead in VantageScore 4.0 adoption, with 30% and 25.3% of their GSE loans using it, respectively. KBW notes limited industry-wide adoption.

Michael Burry, known for his 'Big Short' bet, disclosed August trades including long positions in MercadoLibre (MELI), Zoetis (ZTS), Lululemon (LULU), and Molina Healthcare (MOH), and short positions in Palantir (PLTR), Nvidia (NVDA), and others. Nine of his 17 long holdings rose, with Veeva (VEEV) up 35.8%, while his short bets faced pressure as AI stocks rallied, with Palantir up 51.4%. Burry adjusted his portfolio, raising cash and managing risk.

Michael Burry bought Nvidia (NVDA) calls as a hedge ahead of earnings, while increasing short positions in NVDA, Oracle (ORCL), Palantir (PLTR), Nebius (NBIS), and Caterpillar (CAT). His short positions now exceed 21% of his portfolio. Burry believes NVDA is overvalued and its monopoly power is waning, but acknowledges earnings reactions are uncertain.

Freddie Mac (FMCC) reported that the 30-year fixed mortgage rate averaged 6.67% as of Aug. 13, 2026, down from 6.69% the prior week. The 15-year rate averaged 5.96%, down from 6.01%. Freddie Mac said affordability improved versus a year ago and applications rose as rates moved modestly lower.