Tag Archives: Conservatorship

Current Senior Advisor to the Cato Institute joins eMortgage technology solutions provider’s Advisory Board to drive change, and propel the company and industry forward.

Not much has happened as of late in the discussion of bringing Fannie Mae and Freddie Mac out of conservatorship as current talks are in a “suspended animation” for the time being. Don Layton, former CEO of Freddie Mac, explores where conservatorship stands and what needs to happen in order for it to end.

The Federal Housing Finance Agency said prior proposals will not be implemented due to the changing markets caused by the pandemic.

Here’s what a report by The Milken Institute’s housing experts had to recommend on legislation concerning the removal of Fannie and Freddie from conservatorship.

On Thursday, the Executive Office of the President announced recommendations for significant changes to Fannie Mae and Freddie Mac. Here’s how the new plan aims to end their conservatorship and reduce the role of the GSEs to “level the playing field with the private sector.”

In the event of another market crash, congress is taking action to prevent further cost to taxpayers by introducing reform to the GSEs. However, how might this reform impact Fannie and Freddie's borrowers?

On Thursday, FHFA Director Melvin Watt told a senate committee that the future of the U.S. housing finance system is unsustainable as-is. He implored Congress to solve numerous tough questions involved in moving Fannie Mae and Freddie Mac out from under federal conservatorship. If not, taxpayers could be on the hook.

On Thursday at 10 a.m. EST, the Senate Banking Committee will hold a hearing titled “The Status of the Housing Finance System After Nine Years of Conservatorship,” with Director of the Federal Housing Finance Agency (FHFA) Mel Watt serving as a witness. With Fannie Mae and Freddie Mac preparing for change under the current administration, the nine-year mark of the conservatorship of the GSEs could mean big changes.

A study released by the Government Accountability Office found that the FHFA's actions as conservator of Fannie Mae and Freddie Mac have created more, not less, uncertainty about the future of the housing finance system.

The FHFA's conservatorship of Fannie Mae and Freddie Mac, which were intended to be temporary, reached their eight-year anniversary on Tuesday, September 6.