
What Trump’s $200B MBS proposal means for mortgage spreads, rates
Fannie Mae and Freddie Mac quietly increased their purchases of mortgage-backed securities (MBS) in 2025, helping push mortgage spreads lower toward the year’s end. Most analysts, however, were not expecting further meaningful tightening in the near term — at least until this week. That changed Thur

Cotality’s Thom Malone on Trump’s proposed institutional investor ban
Housing professionals across the country raised their eyebrows earlier this week when President Donald Trump said he would look to stop large institutional investors from buying homes, citing increased affordability pressures on the typical American consumer. Cotality principal economist Thom Malone

Modest jobs gain in December signals even cooler labor market
The U.S. labor market continues to slow with the economy adding just 50,000 nonfarm payroll jobs in December, according to data released Friday by the U.S. Bureau of Labor Statistics (BLS). In addition to the modest jobs gain, the November jobs number was revised downward to 56,000, which is 8,000 b
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