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FHFA’s Pulte Pushes Fraud Crackdown at Fannie, Freddie

April 24, 2025
Dennis Hollier
The FHFA director believes mortgage fraud is rampant at Fannie and Freddie. That includes allegations that New York Attorney General Letitia James, a nemesis of President Trump, fraudulently obtained GSE-backed loans. James denies the allegations.
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Fannie Fires More Than 100 Employees for ‘Unethical Conduct’

April 10, 2025
Dennis Hollier
Fannie and FHFA accused the employees of fraud and deceitful actions, but provided no details of wrongdoing.
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Special Purpose Credit Programs on Shaky Ground

April 3, 2025
Brandon Ivey
FHFA directed the GSEs to end their SPCPs, prompting renewed concerns that the Trump administration could take further actions to limit special purpose credit programs in the mortgage market.
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Sharp Democratic Response to FHFA Actions

April 3, 2025
Dennis Hollier
FHFA Director Bill Pulte gets a glimpse of what congressional oversight looks like as leading Democrats criticize him for actions in his first weeks in office.
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Bessent Suggests GSEs for U.S. Sovereign Wealth Fund

March 27, 2025
Dennis Hollier
The creation of a U.S. sovereign wealth fund could grease the skids for an end to the conservatorships of Fannie Mae and Freddie Mac.
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New FHFA Director Shakes Up Fannie, Freddie Leadership

March 20, 2025
Dennis Hollier
Among other moves, Bill Pulte installed himself as board chair for the two government-sponsored enterprises.
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Pulte Muffles Expectations for a Quick End to Conservatorships

March 6, 2025
Dennis Hollier
During a confirmation hearing last week, Trump’s nominee to head FHFA was noncommittal in response to questions about GSE reform, a hint that the administration has other priorities.
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GAO: Housing Finance Remains a ‘High-Risk Area’

March 6, 2025
Dennis Hollier
The government watchdog said federal agencies associated with housing finance have met three of five critical criteria for mitigating the risk they pose to taxpayers.
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Conforming Loan Limits and Bank Competition

March 6, 2025
Dennis Hollier
The annual increase in conforming loan limits creates a natural experiment for economists to examine how competition from nonbanks influences the operations of depositories.
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Private Mortgage Insurers Cautious on GSE Reform

February 27, 2025
Dennis Hollier
Even though their businesses depend on Fannie and Freddie, private mortgage insurance providers don’t seem worried about the Trump administration’s efforts to release the GSEs from conservatorship.
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