FHFA, Treasury Modify Fannie Mae, Freddie Mac Conservatorship Agreements
The Federal Housing Finance Agency (FHFA) and the U.S. Department of the Treasury on Jan. 3 announced amendments to the Preferred Stock Purchase Agreements that govern the conservatorships of Fannie Mae and Freddie Mac (the Enterprises).
The amendments set out a process meant to ensure a smooth transition from conservatorship and reassure stakeholders that the Enterprises’ eventual release from conservatorship will minimize disruption to the housing and financial markets.
The updated agreements between FHFA and Treasury require the Enterprises to meet the capital requirements previously established by FHFA and restore the right of Treasury to consent to the termination of their conservatorships.
Additionally, FHFA and Treasury have agreed that FHFA must seek public input on conservatorship termination options and potential effects of termination on the housing market to present to Treasury before requesting consent.
In a press release, FHFA said that these changes provide Fannie Mae and Freddie Mac with more flexibility to better support access to homeownership and rental housing.
Latest from NAHBNow
Workforce Development
Feb 16, 2026
Florida HBA Helps ‘Fill the Gap’ for Local Trades EducationThe Treasure Coast Builders Association has helped prepare Florida’s future workforce through local Career and Technical Education programming.
Membership
Feb 16, 2026
NAHB Mourns the Passing of Past Chairman Dean MonDean Mon, 2020 NAHB chairman, passed away on Sunday, Feb. 15. Actively involved in the New Jersey building industry for more than 30 years, Mon was president of the D.R. Mon Group, Inc.
Latest Economic News
Economics
Feb 16, 2026
Cost of Credit for Builders & Developers at Its Lowest Since 2022The cost of credit for residential construction and development declined in the fourth quarter of 2025, according to NAHB’s quarterly survey on Land Acquisition, Development & Construction (AD&C) Financing.
Economics
Feb 13, 2026
Inflation Eased in JanuaryInflation eased to an eight-month low in January, confirming a continued downward trend. Though most Consumer Price Index (CPI) components have resolved shutdown-related distortions from last fall, the shelter index will remain affected through April due to the imputation method used for housing costs. The shelter index is likely to show larger increases in the coming months.
Economics
Feb 12, 2026
Existing Home Sales Retreat Amid Low InventoryExisting home sales fell in January to a more than two-year low after December’s strong rebound, as tight inventory continued to push home prices higher and winter storms weighed on activity. Despite mortgage rates trending lower and wage growth outpacing price gains, limited resale supply kept many buyers on the sidelines.