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GSEs

Elizabeth Warren presses Bessent on Fannie, Freddie IPO efforts

GSEs, Politics and policy, Secondary markets /

The top Senate Democrat with oversight of Fannie Mae and Freddie Mac pressed Treasury Secretary Scott Bessent for more details about the Trump administration’s efforts to take the mortgage giants public.  The Treasury Department and the Federal Housing Finance Agency have been holding meetings with housing advocates, think tanks and mortgage industry representatives this month […]

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Mike_Hutchins.jpg

Freddie Mac appoints financial attorney as general counsel

Career moves, GSEs, Industry News, The Great American Mortgage Corporation /

Freddie Mac announced the appointment of a new general counsel, whose hiring comes amid ongoing speculation about the future of the government-sponsored enterprises.  The GSE this week named Matthew D. Abrusci executive vice president, general counsel and corporate secretary. With a career across banking, capital markets and securities law, Abrusci joins Freddie Mac after recently

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Commerce Secretary Lutnick says Fannie, Freddie IPO ‘could well be this year’

Conservatorship, Department of Commerce, Fannie Mae, Freddie Mac, GSE Reform, GSEs, HWmember, IPO, Mortgage, Regulatory, Trump administration /

As the mortgage industry prepares for the Trump Administration’s plans for an initial public offering (IPO) of the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac, U.S. Department of Commerce Secretary Howard Lutnick appeared on CNBC to offer his comments on the subject. During the interview aired Thursday, Lutnick disclosed that the IPO “could well

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MBA’s Bob Broeksmit sees risks in merging Fannie and Freddie

Bob Broeksmit, Fannie Mae, Freddie Mac, GSEs, Housing Market, HWmember, Mortgage, Mortgage Bankers Association, Trump administration /

Amid recent reporting that President Trump is weighing a $500 billion stock offering for Fannie Mae and Freddie Mac and that he might be considering a merger of the two mortgage giants, Mortgage Bankers Association‘s CEO and President Bob Broeksmit authored a blog post highlighting the benefits of having two government-sponsored enterprises (GSEs). In his

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Experts: Pulte’s disclosures on Cook may violate privacy law

Federal Reserve, GSEs, Politics and policy, Trump administration /

What’s at stake: President Trump moved to fire Federal Reserve Gov. Lisa Cook via social media on Aug. 25, five days after Housing FInance Agency Director Bill Pulte raised allegations that Cook had engaged in mortgage fraud. Cook challenged her removal in court and was granted a preliminary injunction Tuesday night. Key insight: Pulte publicly

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Top 5 IMB priorities for GSEs in a post-conservatorship world

Community Home Lenders of America, Fannie Mae, Freddie Mac, GSE Reform, GSEs, Opinion, Origination, Regulatory /

On Friday, 46 independent mortgage banks (IMBs) jointly sent a letter to Treasury Secretary Scott Bessent and FHFA Director Bill Pulte, laying out priorities for IMBs for a successful Fannie Mae/Freddie Mac exit from conservatorship. Spearheaded by the Community Home Lenders of America (CHLA), the only national group that exclusively represents IMBs, this IMB sign-on

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How Fannie Mae, Freddie Mac release could change mortgage costs

Fannie Mae, Freddie Mac, GSE Reform, GSEs, The Great American Mortgage Corporation /

Enjoy complimentary access to top ideas and insights — selected by our editors. A number of observers have speculated about how the prospective release of Fannie Mae and Freddie Mac from government conservatorship will impact the residential mortgage market and mortgage loan costs. The good news is that the two GSEs will benefit dramatically from

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Bill Pulte

Exclusive: Pulte slashes Federal Home Loan Bank board seats

GSEs, Liquidity, Politics and policy, Trump administration /

William Pulte, director of the Federal Housing Finance Agency.Bloomberg News WASHINGTON — The Federal Housing Finance Agency, led by Bill Pulte, took an unusual step by reducing the number of Federal Home Loan Bank board director seats at most of the 11 Federal Home Loan Banks, with the steepest reductions at institutions located in heavily-Democratic

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CHLA presses Trump team on Fannie, Freddie future

Fannie Mae, Freddie Mac, GSEs, Industry News, Politics and policy, The Great American Mortgage Corporation /

The Community Home Lenders of America is calling for nonbank lender support as it emphasizes the importance of mortgage industry input in any federal decision-making regarding the future of Fannie Mae and Freddie Mac.  The group representing small and mid-sized independent mortgage banks made its wishes known in a letter this week to Treasury Secretary

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Fannie, Freddie IPO awaits Trump’s decision on timing

Fannie Mae, Freddie Mac, GSEs, The Great American Mortgage Corporation /

A public offering of Fannie Mae and Freddie Mac shares hinges on when Donald Trump decides the government can fetch the highest price, their regulator said Thursday. Trump “has not made any decision” on when one will occur, Bill Pulte told Maria Bartiromo on  Fox Business Network Thursday morning, when she asked whether one could

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