Whalen emphasizes that bringing Fannie Mae and Freddie Mac out of conservatorship without legislation is a complex process that could take years, and it requires immediate action from the new FHFA director to prepare for changes in the market.
The potential transition of GSEs out of conservatorship may lead to increased costs for conventional mortgages and create a competitive atmosphere where those selling loans could become competitors of Fannie and Freddie.
Whalen suggests that if the Trump administration reduces regulations, it could lead to significant market instability. The urgency for action from the new FHFA director is critical due to the short timeline.
Collection
[
|
...
]