Bessent puts GSE exit on 2027-2028 agenda, boosting shares
The Treasury official's comments increased the price of the government-sponsored enterprises' stock even though he indicated there would be no near-term reform.
GSE reform
Freddie profit falls; Congress pushes back on IPO
A House subcommittee hearing discussing the future of the government-sponsored enterprises, noted both are still severely undercapitalized.
How Basel, GSE changes may upend MSR dynamics
Policy reviews of GSEs and Basel rules could reshape the MSR market, opening opportunities for banks and altering Fannie, Freddie MBS dynamics.
Trump asks bank CEOs to pitch on Fannie, Freddie stock offerings
President Donald Trump is bringing in bank leaders to meet with him one by one at the White House. Beyond the economic discussion, there’s a chance at a big payday for their firms. Trump is asking for chief executive officers for their pitches on monetizing mortgage giants Fannie Mae and Freddie Mac, including a major […]
Trump says Fannie Mae to keep US guarantee as public firm
President Donald Trump said that the US government would retain guarantees and an oversight role over Fannie Mae and Freddie Mac even as he pursues a public offering for the mortgage giants.
Trump floats a public offering for Fannie Mae, Freddie Mac
Hedge funds and other investors have called for the government to release the two entities from conservatorship, which could provide a windfall for shareholders.
Fannie Mae, Freddie Mac likely stuck in limbo through 2028
Don Layton, former Freddie Mac CEO, and self-proclaimed "GSEologist" predicts that a release of the two entities will occur within four to six years.
New FHFA chief revamps Fannie Mae, Freddie Mac’s boards
Federal Housing Finance Agency Director Bill Pulte is the new chair for both and he has removed several members while adding a few new names at each.
Bill Pulte hints at cost-cutting, rule-slashing at FHFA
The grandson of the PulteGroup founder did not elaborate on plans for a much-anticipated government-sponsored enterprise exit from conservatorship.
What mortgage bankers want GSEs to keep post-conservatorship
The group is calling for the Trump administration to preserve certain features if it picks up where it left off and finishes cutting ties to the Treasury.
How a Trump win would impact GSE reform
A former housing regulator confirmed that he anticipates a release from conservatorship would occur if Trump's elected, adding to other signs a plan is brewing.
How Project 2025 would change U.S. mortgage policy
The plan from the Heritage Foundation, a group the first Trump administration was largely in line with, would shutter CFPB, break up HUD and raise FHA premiums.
Republicans urge FHFA to crack down on Fannie, Freddie activities
Led by Rep. French Hill, the group of conservative lawmakers said the agency must do more to ensure appropriate transparency regarding any new products or activities that the enterprises undertake.
What is FHFA’s next move?
Consumer advocates and mortgage industry officials are urging Sandra Thompson, the new acting director of the Federal Housing Finance Agency, to undo many policies that her predecessor, Mark Calabria, put in place over the past year.
Could the Biden administration bring back the GSE net worth sweep?
The Supreme Court decision cleared the way for further revisions to the agreements between the Federal Housing Finance Agency and the Treasury, which could include dismissing the January changes.
Mortgage execs begin lobbying FHFA to lift lender sales cap
The Community Home Lenders Association has called for suspension of federal limits on the loan volumes that Fannie Mae and Freddie Mac can purchase from individual lenders. The demand came on the same day that the Biden administration fired FHFA Director Mark Calabria and started the process of nominating his successor.
GOP senator wants to cut deal on GSE reform. Will Democrats listen?
Sen. Pat Toomey of Pennsylvania, the Banking Committee's top Republican, is talking up the prospects of a bipartisan deal to overhaul Fannie Mae and Freddie Mac. But Democratic leaders sound less motivated to change the status quo for the government-sponsored enterprises.
GSEs’ exit from conservatorship estimated to take 15 years
Relying on retained earnings alone, it would be until at least 2036, if not longer, before government control of Fannie Mae and Freddie Mae might end.
GOP’s Toomey seeks help from Democrats on freeing Fannie, Freddie
The announcement signals an openness to creating something many GOP lawmakers have long resisted: a federal guarantee of the trillions of dollars of mortgage bonds that Fannie and Freddie issue, a rep for P.A. senator said.
Opinion Will Biden take the nuclear option on the GSEs?
If new housing policy initiatives are not adopted by Congress, the Biden Administration may seek to push the GSEs into receivership, which would damage the conventional market, columnist and analyst Chris Whalen says.
Christopher Whalen
Whalen Global Advisors LLC
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