Fannie Mae and Freddie Mac, the government-sponsored enterprises (GSEs) that play a major role in the US housing finance system, have been in conservatorship since 2008. Many market participants anticipate that the incoming Trump administration hopes to recapitalize these entities and release them from conservatorship.

Join the Housing Finance Policy Center for a series of virtual seminars providing data and evidence to explain the potential implications of restructuring the GSEs. The first seminar of this series will explore the potential economic and budgetary effects of a recapitalization. Congressional Budget Office (CBO) staff members will present the findings of a new CBO report updating prior projections of scenarios for recapitalization, quantifying the value of the GSEs to investors, and discussing the potential implications for the US Treasury Department’s holdings. The potential impacts on the federal budget will also be addressed. Afterward, a panel of experts will discuss which of the scenarios are the most reasonable and highlight potential impacts to markets and consumers if the Trump administration pursues recapitalization.

Opening Remarks: 

• Janneke Ratcliffe, Vice President, Metropolitan Housing and Communities Policy, Urban Institute 

Presentation:

• Justin Humphrey, Chief, Finance Housing and Education Cost Estimates Unit, Budget Analysis Division, Congressional Budget Office
• Mitchell Remy, Senior Analyst, Congressional Budget Office

Panel Discussion: 

• Laura Arce, Senior Vice President, Economic Initiatives, UnidosUS
• Laurie Goodman, Institute Fellow, Housing Finance Policy Center, Urban Institute
• Jeb Mason, Partner, Mindset
• Bonnie Sinnock, Capital Markets Editor, National Mortgage News (moderator) 

NEXT10: The Future of Home

The Housing Finance Policy Center’s 10th Anniversary Series

The Urban Institute’s Housing Finance Policy Center (HFPC) was founded a decade ago with a mission to educate policymakers, system actors, and the public about how the housing finance system could better serve families, households, and communities, particularly those historically disadvantaged by that very system. Today’s challenges demand even more from HFPC’s unique capacities, and HFPC is pleased to announce the launch of NEXT10: The Future of Home, a series of high-priority initiatives and events aimed at solving today’s critical issues.

HFPC’s NEXT10 series will bring together leaders and collaborators from a wide array of sectors to explore promising ideas and bold solutions for the US housing finance system, to build important partnerships, and to inspire transformative action. These events will help inform the framework for the NEXT10 research agenda, comprising new research on today’s urgent challenges, alongside the foundational work needed to develop an evidence base for future work on emerging issues that have the potential to dominate the US housing finance system in the years to come.

We strive to host inclusive, accessible events that enable all individuals to engage fully. Please email [email protected] if you require any accommodations or have any questions about this event.