The Biden Era FHFA Flexes Its Muscles: Certain GSE PSPAs Suspended

Inside Mortgage Finance, Sept. 15, 2021–Dennis Hollier
The PSPAs, as most GSE watchers know, define the nature of the government backstop for Fannie Mae and Freddie Mac. In January, during the final days of the Trump administration, then-FHFA Director Mark Calabria and Treasury Secretary Steven Mnuchin agreed to end the net worth sweep — however, only after taking steps to reduce what Treasury perceived as risky practices at Fannie Mae and Freddie Mac.
https://www.insidemortgagefinance.com/articles/222445-critical-parts-of-pspas-suspended