Director Pulte of the FHFA has removed certain regulatory burdens that were deemed excessive, including the requirement for Fannie Mae and Freddie Mac (GSEs) to implement a climate-related risk management framework. He has also rescinded policies regarding multifamily lease standards and has terminated a strategy related to the repair of real-estate owned properties. His actions align with a broader directive from President Trump aimed at lowering housing costs. The Mortgage Bankers Association has expressed support for these changes, citing concerns over the previously established compliance roles for GSEs that could lead to increased costs for both consumers and lenders.
Pulte has taken significant steps to rescind regulatory burdens from GSEs, including climate risk management frameworks and lease policies, prioritizing cost reduction for consumers.
The Mortgage Bankers Association supports Pulte's rescission of the advisory bulletin, emphasizing that it allows GSEs to focus on housing costs rather than compliance regulation.
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