The FHFA noted that its OIG budget was nine times larger than the average across federal agencies. Critics say the cuts are intended to protect FHFA Director Bill Pulte and President Trump.

MBS purchase levels at Fannie Mae and Freddie Mac continue to disappoint lenders looking for help with interest rates, though prospects look better for September reporting.

FHFA directed Fannie Mae and Freddie Mac to resume the MBS buying spree that President Trump requested in January.

Despite a presidential directive to buy more MBS, the GSEs’ combined MBS holdings have declined for three straight months.

Jon Oksenholt’s plan would create a parent company that would own the GSEs and Common Securitization Services but allow them to keep their charters and operate independently.

Terminating the use of SPCPs continues the Trump administration’s war on DEI.

Federal Housing Finance Agency Director Bill Pulte directed Fannie Mae and Freddie Mac to end support for special purpose credit programs earlier this year. But now other agencies are also ending authorization for the programs.

Industry observers don’t expect the move to prompt major declines in interest rates this year.

Many of those green loans will still be eligible for purchase by the GSEs. Social bonds appear unaffected.

The Trump administration continues to pressure homebuilders to address affordability by focusing more on first-time homebuyers.