“Today, that value is worth anywhere between $500 billion and $700 billion,” said FHFA Director Bill Pulte. “I think it’s going to be a $1 trillion, and potentially even higher.”
Profitability declined at all but two of the FHLBanks in the second quarter. In some cases, that was due to lower net interest income and in others to a surge in voluntary contributions to housing and community investments. (Includes three data tables.)
Stress tests show that, even under scenarios considerably worse that the 2008 financial crisis, Fannie Mae and Freddie Mac would likely remain profitable and continue to support the mortgage market.
Critics claim the volatility of cryptocurrency valuations and exposure to fraud would undermine the safety and soundness of Fannie Mae and Freddie Mac.
Conflicting data from the two credit score giants muddy the waters about which best serves the GSEs and a mortgage industry eager for more competition.
Eligibility requirements put in place by the GSEs in the wake of the 2021 collapse of a condo tower in Florida continue to hobble sales and burden condo associations with high insurance and maintenance costs.