The Trump administration is looking to remove Fannie Mae and Freddie Mac from conservatorship but expects significant challenges ahead. Industry experts at the Mortgage Bankers Association conference discussed that any exit will not be quick, depending on key movements within the FHFA and Treasury, alongside political and procedural issues. The complexities are exacerbated by a potential multitrillion-dollar legislative package tied to tax cuts and substantial financial obligations to the Treasury. Increased guarantee fees and loan-level pricing adjustments may also follow, influencing mortgage servicers and innovation in the private sector.
If you want to do anything to the capital stack, that has to be addressed.
Government has helped with a lot of innovation on the run, Schwartz said. I think they've positioned us well to do more private-sector solutioning than probably ever before.
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