What Will Happen to GSEs Under the Trump Administration?

The transcript discusses the role of the FHFA and the conservatorship of Fannie Mae and Freddie Mac, highlighting potential violations of fiduciary duties. It reviews the 2008 Housing and Economic Recovery Act and changes made in 2012, focusing on the future of GSEs under the Trump administration. The discussion includes reforms and technological advances in housing finance, challenges in housing and urban development under Ben Carson, and the role of the private market in the future of housing finance.

What was the main issue with the FHFA's role as a conservator?

• They exceeded their authority.

• They potentially violated fiduciary and contractual obligations.

• They failed to act within the 2008 law.

• They did not contract with the Treasury.

What change occurred in 2012 regarding Fannie Mae and Freddie Mac's profits?

• Profits were reinvested into the companies.

• Profits were swept to taxpayers instead of dividends.

• Investors received increased dividends.

• Dividends were eliminated entirely.

What is the current focus regarding Fannie Mae and Freddie Mac under the Trump administration?

• Merging them into a single entity.

• Fixing them rather than replacing.

• Replacing them with new entities.

• Eliminating them entirely.

What was a significant outcome of the 2008 Housing and Economic Recovery Act?

• Immediate implementation of all reforms.

• Elimination of Fannie Mae and Freddie Mac.

• Creation of a new independent regulator.

• Increased dividends for investors.

What is a major challenge in the housing market under Ben Carson's leadership?

• Increased mortgage accessibility.

• Decreased homeownership rates among minorities.

• Elimination of FHA and Ginnie Mae.

• Rising interest rates.

What is the potential role of private markets in the housing sector?

• To eliminate the need for Fannie Mae and Freddie Mac.

• To replace government programs entirely.

• To provide affordable housing through private means.

• To increase government balance sheet involvement.

What was the state of FHA in the early 2000s?

• A thriving government program.

• Completely privatized.

• The primary source of mortgages.

• A dying government program.