Bill Pulte said the government-sponsored enterprises will see partnerships emerge as he eyes their money-making potential, while also upping criticism of homebuilders and the Fed chair at a housing conference Friday. In a call with attendees at the Residay 2025 conference in New York, the Federal Housing Finance Agency director pointed at the recent Trump […]
Pulte suggests new Fannie Mae, Freddie Mac business deals Read More »
The mortgage industry largely supports changes to the loan-level price adjustment (LLPA) matrix but remains divided on priorities, with a full overhaul unlikely amid a potential stock offering of Fannie Mae and Freddie Mac. Two weeks ago, Federal Housing Finance Agency (FHFA) Director Bill Pulte said he had tasked Barry Habib — the MBS Highway
Mortgage industry backs LLPA changes but is divided over priorities Read More »
Fannie Mae on Friday announced the promotion of two long-time employees to lead its Single-Family business and general counsel’s office. “We are pleased to announce the promotion of Fannie Mae seasoned veterans Jake Williamson to acting head of single-family and Tom Klein to acting general counsel. These highly respected leaders will help lead the company
Fannie Mae names new head of single family and acting general counsel Read More »
Trade groups representing community banks and home lenders are urging the Trump administration to allow Fannie Mae and Freddie Mac to purchase mortgage-backed securities (MBS) to help bring down mortgage rates. The idea relies on amending the Preferred Stock Purchase Agreements (PSPA) to enable the GSEs to purchase up to $300 billion of their own
Trade groups push plan to let GSEs buy MBS to ease mortgage rates Read More »
Top former U.S. economic leaders, Gary Cohn and Lawrence Summers, raised red flags about the nation’s fiscal trajectory, the challenges of balancing monetary policy and the global context of U.S. debt. However, they Summers says economy is “remarkably resilient.” Speaking at the 2025 Mortgage Bankers Association‘s Annual Convention and Expo, Cohn and Summers also credited
Former economic leaders Cohn and Summers warn on U.S. fiscal path Read More »
The top Senate Democrat with oversight of Fannie Mae and Freddie Mac pressed Treasury Secretary Scott Bessent for more details about the Trump administration’s efforts to take the mortgage giants public. The Treasury Department and the Federal Housing Finance Agency have been holding meetings with housing advocates, think tanks and mortgage industry representatives this month
Elizabeth Warren presses Bessent on Fannie, Freddie IPO efforts Read More »
Freddie Mac announced the appointment of a new general counsel, whose hiring comes amid ongoing speculation about the future of the government-sponsored enterprises. The GSE this week named Matthew D. Abrusci executive vice president, general counsel and corporate secretary. With a career across banking, capital markets and securities law, Abrusci joins Freddie Mac after recently
Freddie Mac appoints financial attorney as general counsel Read More »
As the mortgage industry prepares for the Trump Administration’s plans for an initial public offering (IPO) of the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac, U.S. Department of Commerce Secretary Howard Lutnick appeared on CNBC to offer his comments on the subject. During the interview aired Thursday, Lutnick disclosed that the IPO “could well
Commerce Secretary Lutnick says Fannie, Freddie IPO ‘could well be this year’ Read More »
Amid recent reporting that President Trump is weighing a $500 billion stock offering for Fannie Mae and Freddie Mac and that he might be considering a merger of the two mortgage giants, Mortgage Bankers Association‘s CEO and President Bob Broeksmit authored a blog post highlighting the benefits of having two government-sponsored enterprises (GSEs). In his
MBA’s Bob Broeksmit sees risks in merging Fannie and Freddie Read More »
What’s at stake: President Trump moved to fire Federal Reserve Gov. Lisa Cook via social media on Aug. 25, five days after Housing FInance Agency Director Bill Pulte raised allegations that Cook had engaged in mortgage fraud. Cook challenged her removal in court and was granted a preliminary injunction Tuesday night. Key insight: Pulte publicly
Experts: Pulte’s disclosures on Cook may violate privacy law Read More »