A Reality Check on GSE Privatization
June 4, 2025 — Recently, there has been a renewed push from policymakers in Washington to explore the privatization of the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac. Given the importance of implied or direct government backing of the mortgage market and its benefits to the private sector, there appears to be little net benefit to fully privatizing the GSEs.
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Fixed Income
Fixed Income Investment Strategy — June 2025
June 2, 2025 -- Fixed Income Investment Strategy provides an overview of Sage's market outlook and sector positioning.
Fixed Income
MBS Opportunities Amid Quiet Housing Market
June 2, 2025 -- The US housing market remains in a state of inertia. Despite the arrival of the spring selling season, both new and existing home sales continue to underwhelm.
Fixed Income
Refreshing the Fed’s Policy Framework
May 19, 2025 -- Federal Reserve Chair Jerome Powell delivered the opening remarks at last week’s Thomas Laubach Research Conference, focusing on the Federal Open Market...