The article discusses the positive performance of Fannie Mae and Freddie Mac under new leadership from Bill Pulte of the FHFA. Ishbia emphasizes that the GSEs are generating cash and innovating while still in conservatorship, suggesting this dual status may be beneficial. With Trump expressing interest in their release from conservatorship and the CFPB adopting a more measured regulatory approach, there's potential for a more cooperative environment. Notably, Pulte has initiated several changes, including staffing cuts and partnerships aimed at reducing mortgage fraud.
Fannie Mae and Freddie Mac are acting pretty good right now. It's been working pretty well. [They] spit off a lot of cash to the government.
Fannie Mae and Freddie Mac acting more private, but still being in conservatorship, might be the best of both worlds.
On regulatory oversight, Ishbia said that the Consumer Financial Protection Bureau's approach under Trump would be more measured.
We're already starting to see some of those positive things happening right now, Ishbia said.
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