U.S. Treasury Secretary Scott Bessent stated that the government still plans to take action on Fannie Mae and Freddie Mac in 2027-28, but any deal must not widen mortgage spreads.
U.S. Treasury Secretary Scott Bessent stated on 2WAY's "The Morning Meeting" program that the government still plans to take action on Fannie Mae and Freddie Mac in 2027-28. He emphasized that his "North Star" principle is that any deal must not widen mortgage spreads. Bessent also noted that it is currently unclear whether changing the ownership structure would help homeowners. He added that the core trade-off in recapitalization and release has always been how to make the deal beneficial for shareholders, taxpayers, and borrowers.
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