Bill Pulte

Why?

Because people wanted to sell it to investors for $100 billion, $150 billion.

I think that number is north of 50%.

$500 billion now that these assets are worth.

Since taking office, not just focusing on mortgage fraud and other systemic issues like safety and soundness mandates, like we just spent the last 10 minutes on, but is also focused on driving value and treating Fannie Mae and Freddie Mac as if they're businesses.

Taking cost out of these businesses that is redundant and unnecessary.

and also making sure that we are always thinking about how do we, within the confines of the law and in the best interest of the American people, run these things as businesses.

So if people aren't performing, we get rid of them.

We don't keep them around for years and years and years and decades just because they're politically connected.

And so I think that this has enabled the Fannie Mae and Freddie Mac story to really, with President Trump's help,

unlock a lot of value for the American people.

And it'll be very interesting to see what the president decides to do in this regard.

Well, we'll see.

I mean, you know, these companies are in conservatorship, as you know, which basically means that the president is in charge of these companies.

And there was a Supreme Court ruling which made that very clear.

I would say that any and all options are on the table.

One of the things that I've been focused on, Romain, has been since getting in this seat is on creating value.

Now,

What the president ultimately decides to do with that value is entirely up to him.

But we had a thing called common securitization solutions.