Rep. Mike Flood, U.S. Representative for Nebraska's 1st District | Rep. Mike Flood Official Headshot
Rep. Mike Flood, U.S. Representative for Nebraska's 1st District | Rep. Mike Flood Official Headshot
Today, U.S. Representative Mike Flood and U.S. Senator Mike Rounds sent a letter to Federal Housing Finance Agency Director William Pulte. The letter praises the Trump Administration's leadership in credit risk transfer programs at Fannie Mae and Freddie Mac. It also encourages further reforms to strengthen these programs' impact on the housing finance system.
"President Trump has directed federal agencies to lower housing costs and expand supply—goals that align directly with an improved Enterprise CRT program," the letter states. "As you chart FHFA’s course, we encourage you to support policies that leverage private capital and market discipline to promote safety, soundness, and liquidity through all economic cycles."
CRT is an important tool for managing risk and ensuring stability through economic cycles. Since 2013, FHFA has promoted CRT, driving private-sector innovation in risk analysis and market discipline. Enterprises transferred $210 billion in credit risk on $6.7 trillion in single-family mortgage balances between 2013 and 2023.
Congressman Flood serves as Chairman of the Housing and Insurance Subcommittee and is a member of other financial committees.
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