Fannie Mae and Freddie Mac, which together backstop $4.7 trillion of mortgage securities, have lately been the talk of both the housing industry and Washington financial services policymakers as the discussion of releasing the two mortgage giants from Conservatorship status heats up once again. Both Treasury Secretary Steven Mnuchin and newly appointed Director of the Federal Housing Finance Agency (FHFA) Mark Calabria have been vocal on the subject. So, will the Trump Administration finally release the mortgage giants from Conservatorship status, and if so, how will the housing market respond to this monumental market shake-up? Separately, what’s in store for Fannie and Freddie under Director Calabria’s reign? What changes can be expected from a product and underwriting standpoint and when will those changes likely be implemented?
Join Josh Steiner and JT Taylor on August 6 as we host Edward J. Pinto, one of the nation’s top scholars on housing markets/finance, a former Fannie Mae executive, and the current Director of the Housing Center of the American Enterprise Institute (AEI) to discuss legislation, regulation, timing, impact, and the role Mnuchin and Calabria will play in the future shaping of Fannie and Freddie.
Tuesday, August 6 at 10:00 AM EST
Participating Dialing Instructions
Confirmation Number: 13692943
About Edward Pinto:
Edward J. Pinto is a resident fellow and the co-director of the Center on Housing Markets and Finance at the American Enterprise Institute (AEI). He is currently researching how to increase the supply of economical apartments for hourly wage earners, as well as examining the current house price boom that began in 2012. This continues his previous work on the role of federal housing policy in the 2008 mortgage and financial crisis.
Along with AEI Resident Scholar Stephen Oliner, Mr. Pinto created the Wealth Building Home Mortgage, a new approach to home finance designed to provide a more reliable and effective way of building wealth than is available under existing policies. This mortgage allows homebuyers to maintain a buying power similar to a 30-year loan. It is aimed at a broad range of homebuyers, including low-income, minority, and first-time buyers.
Before joining AEI, Mr. Pinto was an executive vice president and chief credit officer for Fannie Mae until the late 1980s. Today, he is frequently interviewed on radio and television and often testifies before Congress. His writings have been published in trade publications and the popular press, including in the American Banker, The Hill, RealClearPolitics, and The Wall Street Journal. In addition, as the co-director of the Center on Housing Markets and Finance, he oversees the monthly publication of the AEI Housing Market Indicators, which has replaced AEI’s monthly Housing Risk Watch and AEI’s FHA Watch.
Mr. Pinto has a J.D. from Indiana University Maurer School of Law and a B.A. from the University of Illinois at Urbana-Champaign.