Fannie and Freddie to Purchase $200 Billion in Mortgage Debt to Lower Mortgage Rates
Trump’s Push for Mortgage Bond Purchases President Donald Trump announced that directing Fannie Mae and Freddie Mac to purchase $200 billion in mortgage bonds could help lower mortgage rates and monthly payments, as part of his efforts to combat affordability issues. In a message on social media, he stated: “I’m directing Congress to purchase $200 […]
Fannie Mae and Freddie Mac will shut down their New York offices due to Letitia James.
New York Offices to Close Amid Allegations Against Attorney General New York’s offices are set to close permanently due to concerns over state Attorney General Letitia James’ “corrupt and dangerous business practices.” A source familiar with the situation at the Federal Housing Finance Agency (FHFA), which supervises government-backed entities, shared that the closures of two […]
Banks show interest in the Trump administration’s plan for Fannie and Freddie IPOs, sources say to Bartiromo.
Recent reports suggest that Fox Business’s Maria Bartiromo is in talks with President Trump at the White House regarding the potential relaunch of Fannie Mae’s business. It seems Wall Street banks are keen on pushing for an initial public offering (IPO) related to Fannie Mae and Freddie Mac. According to Bartiromo, these banks are uniting […]
The challenges of privatizing Fannie Mae and Freddie Mac
President Trump is pushing to privatize mortgage giants Fannie Mae and Freddie Mac, but there are some growing doubts among bankers regarding this move. Wall Street banks, which may potentially handle a $30 billion proposal, are now quietly assessing the hurdles involved in “summary and release” for both Fannie and Freddie. From what they’ve gathered, […]
Allowing Fannie and Freddie shareholders to profit would be a significant error
On Friday, shares of Fannie Mae ended the day just under $10, a significant increase compared to the $1.39 price on the day President Trump was elected. This comes as the White House plans to sell partial stakes in the mortgage finance giant. Freddie Mac, Fannie’s counterpart, has also experienced a similar rise. It’s quite […]
CBO Believes Fannie and Freddie Receivership is Most Beneficial for Taxpayers
CBO Report: Recipients as the Best Path to Finish Fannie-Freddie Relief The Congressional Budget Office (CBO) has released a report outlining how to assess budget plans aimed at ending government oversight of Fannie Mae and Freddie Mac. While the report adopts a nonpartisan tone, its implications are clear: the best choice for taxpayers is to […]
Fannie Mae chairman feels positive about discussions that Powell might think about resigning due to conflict with Trump.
Praise for Powell’s Potential Resignation Bill Palt, who has managed Fannie Mae and Freddie Mac, recently expressed approval of Federal Reserve Chairman Jerome Powell potentially stepping down from his role. “We are pleased with reports suggesting that Jerome Powell is contemplating his resignation,” Pulte stated. “I think this move could really benefit America, leading to […]
Fannie and Freddie leader calls on Congress to look into Powell
Call for Investigation into Fed Chair Powell On Wednesday, supervisors of Fannie Mae and Freddie Mac urged Congress to look into Federal Reserve Chairman Jerome Powell, alleging that he misled lawmakers. During a testimony before the Senate Banking Committee last week, Bill Prute, director of the Federal Housing and Finance Agency (FHFA), accused Powell of […]
Revamping Fannie and Freddie is only the beginning
Fannie Mae and Freddie Mac, which are essential to the U.S. housing finance landscape, have been in limbo for almost 17 years. The debate on how to address this situation has occupied housing policy discussions for over a decade. Most participants now seem to agree that the reforms aimed at improving these institutions have run […]
FHFA instructs Fannie Mae and Freddie Mac to evaluate crypto as a mortgage asset
Housing Market Update: Cryptocurrency Considered as Mortgage Assets U.S. housing regulators are now requiring Fannie Mae and Freddie Mac to factor cryptocurrencies into their risk assessments for single-family mortgages. William Prute, the director of the Federal Housing Finance Agency (FHFA), announced this directive on social media, stating that he has ordered the government-sponsored enterprises to […]