A new Federal Housing Finance Agency scorecard on Fannie Mae and Freddie Mac fails to address the 15-year conservatorship of the government-sponsored enterprises, ICBA said.
ICBA Response: In a post on X, ICBA said the conservatorship has subjected the GSEs to political influence. It pointed to a blog post from ICBA’s Ron Haynie calling for the end of what was intended to be a short-term timeout for the GSEs.
Blog Post: On Main Street Matters, Haynie said the federal government should follow established law and end its conservatorship to ensure Fannie and Freddie focus on expanding the secondary mortgage market instead of serving as cash machines for the federal government.
Scorecard: Rather than addressing the conservatorship, the FHFA’s 2024 Scorecard focuses on enterprise objectives such as addressing multifamily rental housing needs and mitigating risk in the single-family property insurance market.