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 the Trump administration will recapitalize these entities and release them from conservatorship.

Please join the Urban Institute as we continue to explore the issues surrounding the idea of releasing the GSEs from conservatorship through administrative action. During this third installment of our seminar series, you will hear a moderated discussion with three ex–GSE CEOs who served during conservatorship. They will address four important conservatorship-exit topics. First, how has conservatorship changed these organizations—both positively and negatively? Second, what are the potential pitfalls of recapitalization and release that policymakers need to consider? Third, assuming the GSEs exit conservatorship without major operational changes, what is their potential to serve the market better through more innovation? And fourth, what is the impact on the mortgage markets if they do not get released from conservatorship? 

Opening Remarks

• Janneke Ratcliffe, Vice President, Housing and Communities Division, Urban Institute 

Panel Discussion

• David Brickman, President of Residential Real Estate, D2 Asset Management; Nonresident Fellow, Housing and Communities Division, Urban Institute; Former Chief Executive Officer, Freddie Mac
• Hugh Frater, Board Chairman, Vessel Technologies Inc.; Former Chief Executive Officer, Fannie Mae
• Donald H.Layton, Senior Visiting Fellow, NYU Furman Center; Former Vice Chairman, JPMorgan Chase; Former Chief Executive Officer, Freddie Mac
• Laurie Goodman, Institute Fellow, Housing and Communities Division, Urban Institute (moderator)

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.