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Tag Archives: Conservatorship

The Cost of GSE Reform

If the market crashes again, taxpayers are at risk. Congress seeks to reduce this risk by implementing reform the Fannie Mae and Freddie Mac, but at what cost to borrowers?

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Reform is on the Horizon: Watt & Mnuchin Assess

The status quo for Fannie Mae and Freddie Mac will be changing according to Treasury Secretary Steven Mnuchin. He and FHFA Director Melvin Watt separately addressed the state of the GSEs Thursday. Watt explained that reforms during conservatorship need to be kept in mind when addressing housing finance reform.

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FHFA Director Watt Urges Congressional Action on ‘Not Sustainable’ GSEs

Federal Housing Finance Agency Director Melvin Watt testified before the U.S. Senate Committee on Banking, Housing and Urban Affairs Thursday on the status of the housing finance system after nine years of conservatorship. His message? Fannie Mae and Freddie Mac need to be reformed, and soon, else taxpayers will be footing a hefty bill next year.

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Freddie Mac CEO Says Future Is Bright Despite No Plans to End Conservatorship

Layton said Freddie Mac had moved on from the “early-years conservatorship mindset,” which saw the Enterprise being hesitant to take action while it waited for instructions from the government. Now, Layton said, “[w]e’re firmly facing the future, not the past.”

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Conservatorship Continues Seven Years Later With No End In Sight

While many housing stakeholders and lawmakers agree that the conservatorship needs to end, the issue of the GSEs' future remains a source of contention. Some of the GSEs' biggest investors, such as Fairholme Funds and Pershing Square, have filed lawsuits over the sweeping of GSE profits into Treasury, which began in 2012 when Fannie Mae and Freddie Mac returned to profitability.

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