Fannie Mae and Freddie Mac, the government-sponsored enterprises (GSEs) that play a major role in the US housing finance system, have been in conservatorship since 2008. Many market participants anticipate that the incoming Trump administration hopes to recapitalize these entities and release them from conservatorship.

Join the Housing Finance Policy Center for a series of virtual seminars providing data and evidence to explain the potential implications of restructuring the GSEs. The first seminar of this series will explore the potential economic and budgetary effects of a recapitalization. Congressional Budget Office (CBO) staff members will present the findings of a new CBO report updating prior projections of scenarios for recapitalization, quantifying the value of the GSEs to investors, and discussing the potential implications for the US Treasury Department’s holdings. The potential impacts on the federal budget will also be addressed. Afterward, a panel of experts will discuss which of the scenarios are the most reasonable and highlight potential impacts to markets and consumers if the Trump administration pursues recapitalization.