Treasury Plan Keeps GSE Status Quo. For Now., Sept. 30, 2019–Paul Fiorilla
The Trump administration’s recently announced plan to reform Fannie Mae and Freddie Mac allows the agencies leeway to continue multifamily lending at recent record levels at least until the end of 2020. The plan comes as somewhat of a surprise since members of the administration–particularly Federal Housing Finance Administration Director Mark Calabria–talked during the runup to the announcement about reigning in the GSEs’ market share.