The Trump Administration has telegraphed significant changes to GSE mortgage lenders — with massive implications for the industry Since his swearing in on March 14 as the fifth Director of the Federal Housing Finance Agency (FHFA), construction mogul William J. Pulte has executed major policy and personnel changes. Among other moves, Pulte has named himself board chair of the Government Sponsored Enterprises (GSEs) Fannie Mae and Freddie Mac, removed 14 of the GSEs’ 25 sitting board members,...

What the long-awaited IPO means for late-stage fintech Though its Form F-1 filing with the US Securities and Exchange Commission (SEC) came at an unusual time, Klarna’s IPO intentions have been far from secret. The Sweden-based Buy Now, Pay Later (BNPL) giant, founded in 2005, has crawled in fits and starts toward a place in public markets. That slog toward an exit has involved painting a compelling growth story—one that can convince investors of Klarna’s long-term viability, despite...