Removing the government-sponsored enterprises (GSEs) from conservatorship after 16-plus years would be a complicated endeavor. And if they’re not removed carefully, costs for borrowers could spike.
Bill Pulte, the Trump administration’s nominee to run the Federal Housing Finance Agency (FHFA), has a wide array of investments with a value north of $190 million, including holdings in rental properties, HVAC firms, entertainment companies and Elon Musk’s X.
The Congressional Budget Office (CBO) released a study on Friday suggesting that a recapitalization of the government-sponsored enterprises could benefit the U.S. Department of the Treasury in most scenarios.