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
Environmental Issues
May 15, 2026
NAHB, Industry Partners Address Key Permitting Reform ChallengesNAHB and industry partners responded this week to a request from the U.S. Army Corps of Engineers for recommendations to improve the efficiency of the Nationwide Permit program in advance of a potential future rulemaking.
Advocacy
May 14, 2026
NAHB Supports Amended Housing Bill Released by HouseNAHB Chairman Bill Owens issued the following statement on amended housing legislation released by the House.
Latest Economic News
Economics
May 14, 2026
Mostly Unchanged Demand, Lending Conditions for Residential Mortgages in First QuarterLending standards and demand for most types of residential mortgages were essentially in the first quarter of 2026, according to the recent release of the Senior Loan Officer Opinion Survey (SLOOS). For commercial real estate (CRE) loans, lending standards for multifamily construction & development were essentially unchanged as well.
Economics
May 13, 2026
Residential Construction Input Prices Move Higher In AprilPrices rose across a host of goods and services used in residential construction. Rising energy prices were the primary driver, but transportation service prices also rose at their fastest pace since 2022. Meanwhile, building material prices, excluding energy, rose at their highest yearly rate in three years, up 3.7% from a year ago.
Economics
May 13, 2026
Delinquencies Holds Steady in First Quarter of 2026Consumer loan delinquency rates continued to normalize in the first quarter of 2026 as pandemic-related disruptions diminished and credit conditions moved closer to historical norms.