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Tuesday, May 17, 2022 5:27:05 PM
Tuesday May17, 2022 - bivey@imfpubs.com
The Biden administration appears to be in no rush to make any substantive changes to the preferred stock purchase agreements that govern the 13-year-old — and counting — conservatorships of Fannie Mae and Freddie Mac.
Speaking Monday at the Mortgage Bankers Association’s annual secondary markets conference in New York, Sandra Thompson, acting director of the Federal Housing Finance Agency, noted that the GSE regulator and the Treasury Department talk frequently. However, potential changes to the PSPAs have not been addressed.
“We haven’t started those conversations,” Thompson said.
Presently, there are no politically viable legislative initiatives that would alter how the GSEs operate. However, certain GSE-related reforms can be completed through the PSPAs.
In the final days of the Trump administration, the FHFA and Treasury modified the PSPAs to limit certain activities at Fannie and Freddie. Shortly after the Biden administration took power, the two agencies reversed some of those restrictions.
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Just had AT&T fiber installed for internet & it is SCREAMING FAST !
I just checked my speed ...
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