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Do you think Trump's guy fired anyone who is Trump supporter?...that is just the way it works when the administration changes hands....I know someone who was at FHFA during Trump's first term, she was out under Biden and now she is going to Fannie Mae, actually starting there this week.
A sovereign wealthy fund (if one is setup) will not replace the GSE's but instead will be given most of their newly issued shares, which they may sell in whole or part. Either way, the current GSE infrastructure is likely to remain in place.
I mean I guess its more accurate to say someone that he thinks shares his vision, as some Republicans do not.
www.nar.realtor
Looks like they are considering raising funds through privatization to fund a sovereign wealth fund:
www.bisnow.com
Show me an appraiser that can tell me with a straight face they find a pdc trained by using the app on their own home and for $25 is a credible source.While the evidence shows that UPD-compliant property data is consistent with appraisal data, there may be exceptional cases where the property data contains errors or is difficult for the appraiser to validate. Our expectation is that appraisers make a good faith effort to validate the property data and then rely on the best available descriptive data which could be an alternate source. Having made the good faith effort, appraisers are protected from liability in regard to the property data by Limiting Condition 3 in the 1004 Hybrid appraisal form (and similar language in the hybrid condo form):
“3. The appraiser has relied on data provided by third-parties in this appraisal report. Such data may include, but is not limited to, flood maps, multiple listing real estate services, tax assessment records, public land records, satellite imagery, virtual street views, property data services, surveys, engineering reports, and property data aggregations. After examination of the data and data sources, the appraiser has used only the data he or she considers reliable. The appraiser makes no guarantees, express or implied, regarding the accuracy of this data.”
Appraiser Update | Fannie Mae
Welcome to the Q4 2024 Fannie Mae Appraiser Update.singlefamily.fanniemae.com
they still think they can scope away credible...misleading is intentional or not
The nations that have a sovereign wealth fund are also nations with very little or no debt.Looks like they are considering raising funds through privatization to fund a sovereign wealth fund:
REPORT: White House Eyes Privatizing Fannie And Freddie To Raise Sovereign Wealth Fund
President Donald Trump is weighing an executive order that would kick off the end of conservatorship at Fannie Mae and Freddie Mac, raising billions in revenue.
In one proposal circulating at the White House, the government would raise $20B to $30B from new investors through something like an initial public offering for the agency’s stock. It estimates that Fannie and Freddie would have a combined value above $330B, with the government’s stake valued at more than $250B, per the WSJ.
The cash the government could raise through the ending of conservatorship — government oversight of the secondary mortgage market lenders that underpin the U.S. housing market — could be used as seed funding for a U.S. sovereign wealth fund, Treasury Secretary Scott Bessent suggested on a podcast earlier last week.
The rumors are swirling as Bill Pulte, who was confirmed by the Senate to lead the FHFA on March 13, cleans house across the agencies.
