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09/10/2019

5 major changes the Trump administration wants to make to housing finance

MarketWatch Published: Sept 9, 2019 12:33 p.m. ET

The Trump administration wants to overhaul the country’s housing-finance system.

The Treasury Department and Department of Housing and Urban Development have proposed broad changes that could affect all players in the system, from mortgage borrowers to lenders to securities investors.

Here are some of the most notable recommendations:

Treasury and FHFA should work to recapitalize Fannie and Freddie

Ostensibly, the goal of any housing-finance reform would be to address one of the largest remaining legacies of the Great Recession: The conservatorship of Fannie Mae and Freddie Mac.

One of the key recommendations the Treasury department made in its plan was to work with the FHFA, the regulatory body that oversees Fannie and Freddie, to consider allowing each enterprise to retain earnings beyond the $3 billion in capital reserves they are now permitted...click here to read more.

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