The Institutional Risk Analyst

Why is FHFA Director Bill Pulte being excluded from the process of preparing the GSEs for release from conservatorship? Short answer is that Bessent and the professional staff at Treasury don’t think that the very high profile Pulte (aka "Little Trump") should be involved. But this may be a serious error in judgment by Scott Bessent.

In an earlier issue of The IRA, we noted that one reason that the GSE shares may be suffering is that the Trump Administration is apparently wrestling with how to take Fannie Mae and Freddie Mac out of conservatorship.