Insights: Housing

Trump/Pulte Housing Supply Comments, GSE Policy, Regulatory Reforms

President Trump posted earlier this week that he feels homebuilders are not building a sufficient volume of housing, despite having been permitted for 2m lots, and that he’s asking the GSEs to “get [Big Homebuilders] going.” FHFA Director Pulte echoed Trump’s complaint about homebuilders and said the GSEs will “do just that.” Trump/Pulte’s...

Housing (Supply, GSE Exit/MBS Policy, Closing Costs)

Housing is gaining increased attention among policy makers, with Treasury Secretary Bessent suggesting earlier this week that the administration could declare a “housing emergency.” His comment is consistent with prior administration calls for regulatory reforms aimed at increasing housing supply and reducing mortgage costs. Congress is also...

Financials, Housing

President Trump, Treasury Secretary Bessent, and Commerce Secretary Lutnick recently met with bank CEOs to discuss an IPO of the GSEs later this year, and over the weekend, Trump sent a post implying that he is targeting November as a date for the transaction. This definitive preparatory step and specific timing reference is notably incremental...

Financials, Housing

GSEs Exiting Conservatorship

Over the last week, President Trump has made two notable statements regarding a GSE exit from conservatorship. Last week, he posted that he is giving “serious consideration to bringing Fannie Mae and Freddie Mac public.” This week, he posted that the government “will keep its implicit guarantees.” Separately, Secretary Bessent reiterated prior...