William Pulte, director of the Federal Housing Finance Agency.Bloomberg News WASHINGTON — The Federal Housing Finance Agency, led by Bill Pulte, took an unusual step by reducing the number of Federal Home Loan Bank board director seats at most of the 11 Federal Home Loan Banks, with the steepest reductions at institutions located in heavily-Democratic […]
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The Community Home Lenders of America is calling for nonbank lender support as it emphasizes the importance of mortgage industry input in any federal decision-making regarding the future of Fannie Mae and Freddie Mac. The group representing small and mid-sized independent mortgage banks made its wishes known in a letter this week to Treasury Secretary
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A public offering of Fannie Mae and Freddie Mac shares hinges on when Donald Trump decides the government can fetch the highest price, their regulator said Thursday. Trump “has not made any decision” on when one will occur, Bill Pulte told Maria Bartiromo on Fox Business Network Thursday morning, when she asked whether one could
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Clifford Rossi speaks from the vantage point of someone who has been inside the government-sponsored enterprises (GSEs). In different periods during the 1990s and 2000s, he served as a senior financial economist at Fannie Mae and as senior director of single-family risk management at Freddie Mac. Rossi was among the earliest advocates of merging the
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In the debate over whether Fannie Mae and Freddie Mac should merge, the Mortgage Bankers Association (MBA) has remained consistent: “We don’t think that would be a good idea,” chief economist Mike Fratantoni said. The trade group supports a stock offering that preserves stability in the secondary mortgage market while advocating for privatization with an
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Andrew Harrer/Bloomberg Two consumer groups are urging Federal Housing Finance Agency Director William J. Pulte to abandon his directive that Fannie Mae and Freddie Mac explore counting cryptocurrency holdings as reserves in single-family mortgage underwriting. In a letter sent Thursday, the Consumer Federation of America and the National Consumer Law Center said the move, which
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Forty-one former employees of Fannie Mae on Wednesday sued the company, its chief executive and Federal Housing Finance Agency Director Bill Pulte for alleged defamation related to their dismissals in April. The ex-employees of the government-controlled mortgage giant are seeking damages amounting to more than $2 million per person, according to complaints filed in Fairfax
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The oversight agency for two government-sponsored enterprises sent out an image from President Trump over the weekend depicting a public offering for some of their shares near term but experts question the timing. The illustration from President Trump’s Truth Social post, like some others he’s posted around his policy initiatives, is designed to depict an
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Analysts are tempering expectations after reports that the Trump administration aims to sell shares of Fannie Mae and Freddie Mac by the end of 2025 at a combined valuation of $500 billion — more than double some market estimates. They’re concerned about the feasibility of completing all necessary steps by year’s end. Meanwhile, the federal
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Citigroup Inc. Chief Executive Officer Jane Fraser met with President Donald Trump on Wednesday to pitch public stock offerings for mortgage giants Fannie Mae and Freddie Mac. Fraser met with Trump to discuss the bank’s possible involvement in monetizing the Federal National Mortgage Association and Federal Home Loan Mortgage Corp., the firms that have been
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