FHFA removed reference to DEI on the GSE scorecard. Are SPCPs next on the chopping block?

Responding to written questions from the Senate Banking Committee, Trump’s new Treasury secretary gave the mortgage industry limited insight into his views on GSE reform.

While the Trump administration wants to end the conservatorship of Fannie Mae and Freddie Mac, there are numerous roadblocks.

Hugh Frater and Don Layton speculate on the likelihood a second Trump administration can get Fannie Mae and Freddie Mac out of conservatorship.

Treasury and FHFA agreed on some guidelines for how the process of getting the GSEs out of conservatorship will work. But they didn’t set that process in motion.

Even if lawmakers can’t agree on how or whether to release the GSEs from conservatorship, there are incremental steps they can take, according to former FHFA Director Mark Calabria.

Researchers estimate that extending the TCCA fee for two years and reducing the size of conforming loan limits would reduce the federal deficit by nearly $15 billion over 10 years.

Some industry groups are calling for a legislative solution to ending the conservatorships; others say FHFA and Treasury can do it themselves.

Mortgage industry stakeholders speculate about who Trump will nominate to oversee Fannie Mae and Freddie Mac and determine whether they remain in conservatorship or are re-privatized.

The FHLBank is extending the terms and reducing the haircut on collateral pledged by non-depository CDFIs and state-chartered HFAs (which technically aren’t even members).