Congressman Flood Joins Sen. Rounds in Letter Praising Trump Administration’s Leadership in Credit Risk Transfer Programs

Image July 18, 2025 Press Release LINCOLN, NEBRASKA – Today, U.S. Representative Mike Flood (R-Neb.), Chairman of the House Financial Services Subcommittee on Housing and Insurance, and U.S. Senator Mike Rounds (R-S.D.), Chairman of the Senate Banking Subcommittee on Securities, Insurance, and Investment, sent a bicameral letter to Federal Housing Finance Agency (FHFA) Director William Pulte, praising his work on credit risk transfer (CRT) programs at Fannie Mae and Freddie Mac while encouraging further reforms to strengthen CRT 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. 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. We appreciate your attention to this critical issue and look forward to working with you to keep CRT a cornerstone of a strong, stable, and private capital-supported housing finance system” the letter reads. CRT is a key tool for managing risk and ensuring Enterprise stability through economic cycles. Since 2013, FHFA has promoted CRT, driving private-sector innovation in risk analysis and market discipline. Through investor and reinsurer participation, Enterprises transferred $210 billion in credit risk on $6.7 trillion in single-family mortgage balances between 2013 and 2023, according to the FHFA. Read the full text of the letter here . Congressman Flood serves Chairman of the Housing and Insurance Subcommittee and is a member of the Financial Institutions Subcommittee as well as the Monetary Policy, Treasury Market Resilience, and Economic Prosperity Task Force. Issues : What Rep. Flood is doing in Congress What Rep. Flood is doing to grow America’s economy