DNYUZ
  • Home
  • News
    • U.S.
    • World
    • Politics
    • Opinion
    • Business
    • Crime
    • Education
    • Environment
    • Science
  • Entertainment
    • Culture
    • Music
    • Movie
    • Television
    • Theater
    • Gaming
    • Sports
  • Tech
    • Apps
    • Autos
    • Gear
    • Mobile
    • Startup
  • Lifestyle
    • Arts
    • Fashion
    • Food
    • Health
    • Travel
No Result
View All Result
DNYUZ
No Result
View All Result
Home News

Fannie Mae and Freddie Mac Are Shaken Up by Their Regulator

March 18, 2025
in News
Fannie Mae and Freddie Mac, mortgage giants, are shaken up by their federal regulator.
545
SHARES
1.6k
VIEWS
Share on FacebookShare on Twitter

A federal housing regulator initiated a major shake-up Monday at two giant government-controlled mortgage finance firms that drive much of the U.S. housing market.

The Federal Housing Finance Agency, led by its director, William Pulte, ousted 14 members of the boards of Fannie Mae and Freddie Mac in a surprising move that was disclosed in regulatory filings late Monday.

The F.H.F.A. is the primary regulator for Fannie and Freddie, which have been under federal government control since the 2008 financial crisis.

Monday’s filing listed new board members named by Mr. Pulte, who will serve as board chairman of each firm.

The filings offered no explanation for the shake-up, but shortly after he was confirmed by the Senate, Mr. Pulte hinted in a series of posts on social media that changes were coming to both Fannie and Freddie. In one post, he wrote, “Make Mortgages Great Again.” And in another, he wrote there would be “tremendous opportunities for people who perform at Fannie and Freddie.”

Mr. Pulte is an heir of William Pulte, who was the founder of PulteGroup, one of the largest American home builders.

Mr. Pulte is taking over the F.H.F.A. while some are pushing the Trump administration to release Fannie and Freddie from government control and restore their independence as publicly traded companies.

Fannie and Freddie are government-chartered companies that historically operated independently but with federal backing.

Both Mr. Pulte and Treasury Secretary Scott Bessent have said they favor ending the government conservatorship, but have also said they would not rush into any decision.

One obstacle to ending the conservatorship is that the rate on the average 30-year mortgage remains high, at about 6.7 percent. That, in addition to the high cost of housing, is deterring young Americans from buying homes.

Fannie and Freddie do not actually make any home loans. Rather, they buy mortgages from banks and package them into securities that are sold to big investors. In creating those mortgage-backed securities, Fannie and Freddie guarantee them for bond investors.

It was that guarantee that in part led the federal government to take over the mortgage firms in August 2008, to avert a total collapse of the mortgage market.

The post Fannie Mae and Freddie Mac Are Shaken Up by Their Regulator appeared first on New York Times.

Share218Tweet136Share
The Myth of ‘The One’ Is Ruining Your Dating Life
News

The Myth of ‘The One’ Is Ruining Your Dating Life

by VICE
June 5, 2025

You’ve likely heard of the “Myth of the One” before, which basically tells us there’s one person out there for ...

Read more
News

India is reaching for its own world-class AI engine

June 5, 2025
News

David Jolly, a Trump critic, former GOP congressman, to run for governor as Democrat

June 5, 2025
News

BBC Condemns Israel After IDF Soldiers Strip-Searched & Detained Journalists At Gunpoint

June 5, 2025
Health

Want to Improve Employee Financial Health? Pay Them More Often

June 5, 2025
Russia targets teachers who cooperated with the British Council

Russia targets teachers who cooperated with the British Council

June 5, 2025
‘Slumlord Millionaire’ Review: Costs of Living

‘Slumlord Millionaire’ Review: Costs of Living

June 5, 2025
British Airways says its short-haul business class is booming. Here’s why that could be a boost for US budget airlines.

British Airways says its short-haul business class is booming. Here’s why that could be a boost for US budget airlines.

June 5, 2025

Copyright © 2025.

No Result
View All Result
  • Home
  • News
    • U.S.
    • World
    • Politics
    • Opinion
    • Business
    • Crime
    • Education
    • Environment
    • Science
  • Entertainment
    • Culture
    • Gaming
    • Music
    • Movie
    • Sports
    • Television
    • Theater
  • Tech
    • Apps
    • Autos
    • Gear
    • Mobile
    • Startup
  • Lifestyle
    • Arts
    • Fashion
    • Food
    • Health
    • Travel

Copyright © 2025.