For 11 years, Fannie Mae and Freddie Mac have been under conservatorship. Now, the Trump administration has released a 53-page plan for the conservatorship of the government sponsored-enterprises (GSEs) to end.
NAR has been in direct meetings with the administration and the Federal Housing Finance Agency, the authority that oversees Fannie Mae and Freddie Mac. While the National Association of REALTORS® applaud the movement to shift the GSEs out of conservatorship, NAR will be diligent to share any concerns over provisions that potentially could negatively impact the housing markets. NAR released its own plan in February to positive industry support.
This process is not expected to have any effect of housing markets in the short term. Still, reforms to the secondary mortgage market can affect both the availability and the cost of mortgage credit for REALTOR® clients.
You can find a detailed article from HousingWire here.
