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Recapitalizing the GSEs through Administrative Action: Impact on Mortgage Rates and the MBS Market
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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.

Join the Housing Finance Policy Center for the second in a series of virtual seminars providing data and evidence to explain the potential implications of restructuring the GSEs. This second seminar will explore the potential impact on mortgage rates and the mortgage-backed securities (MBS) market. Hear from the Urban Institute’s Laurie Goodman and a panel of experts as we explore whether there is risk of downgrade and diminution of liquidity and how a potential GSE restructuring would affect investor demand for Fannie Mae and Freddie Mac MBS. Understanding the implications of possible restructuring actions on the MBS market is key to understanding the impact of these actions on homeownership affordability and attainability.

Opening Remarks

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


Presentation

  • Laurie Goodman, Institute Fellow, Housing and Communities Division, Urban Institute


Panel Discussion

  • Steven Abrahams, Managing Director and Head of Investment Strategy, Santander US Capital Markets
  • Byron Boston, Chief Executive Officer, Dynex Capital Inc.
  • Michael Bright, Chief Executive Officer, Structured Finance Association
  • Warren Kornfeld, Senior Vice President, North America Banks and Finance Companies, Moody’s Ratings
  • 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.

register for this virtual event Date & Time Thursday, February 13, 2025
11:00 a.m. - 12:00 p.m. EST
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Urban Institute Speakers
  • Institute Fellow
  • Vice President, Housing and Communities Division