Although FHFA Director Bill Pulte recently put the value of the GSEs at $1 trillion, most estimates are between $300 billion and $600 billion. Meanwhile, Commerce Secretary Howard Lutnick suggested that only a small portion of the GSEs will be sold via a stock offering.

Trump administration hinted a GSE stock sale might resemble its recent Intel deal, potentially seeding a national sovereign wealth fund.

Stress tests show that, even under scenarios considerably worse that the 2008 financial crisis, Fannie Mae and Freddie Mac would likely remain profitable and continue to support the mortgage market.

Industry insiders worry that mixed signals from the Trump administration makes complex decisions, like ending the conservatorship, more difficult.

Pulte suggests no end to conservatorship, but that doesn’t stop the debate about how an exit would work and what the government should do with its windfall.

Republican lawmakers support CRT; Barry Habib joins Fannie board; CBO evaluates impacts of ending the conservatorship.

FHFA’s efforts to monetize the securitization platform of the GSEs may provide entre to Wall Street banks and other competitors.

Republicans may hope to use any windfall the government gets from selling its stake in the GSEs to offset revenue cuts in their “Big Beautiful Bill,” but housing advocates have other ideas.

Housing finance stakeholders continue to debate whether the Trump administration can safely release Fannie and Freddie from conservatorship.

In post on X, FHFA Director Bill Pulte nudged the Federal Reserve chair to hike rates: “Jerome Powell cut rates right before the election at ‘higher’ levels of inflation. Why won’t he cut now?”