Conference Call Invite: GSE UPDATE: Progress or Pitfalls? - housing cartoon

Fannie Mae and Freddie Mac, which together backstop $4.7 trillion of mortgage securities, continue to be a topic of discussion with both the housing industry and Washington financial services policymakers as the debate of releasing the two mortgage giants from Conservatorship status continues. Both Treasury Secretary Steven Mnuchin and the Director of the Federal Housing Finance Agency (FHFA) Mark Calabria have been vocal and active on the subject of late.

Join Josh Steiner and JT Taylor on December 3 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) for an update on the following: 

  • What form of backstop will the government ultimately provide, explicit, implicit or nothing at all?
  • How much capital will the companies be required to hold?
  • What’s the latest outlook for deal timing?
  • What, if any, steps have FHFA taken since Director Calabria’s arrival to modify the GSE's role in the markets?

Tuesday, December 3 at 10:00 AM EST

Participating Dialing Instructions

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Confirmation Number: 13696282

 

  

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.