Senator Blunt Rochester asks Treasury Secretary Bessent about mortgage market risks at oversight hearing

Delaware Senator Lisa Blunt Rochester and Treasury Secretary Scott Bessent discuss what Treasury has done in response to FSOC and GAO warnings about risks in non-bank mortgage servicers that handle most US mortgages, to which Bessent responds that was the Yellen Treasury that said everything was a risk but they are focused on the mortgage market through Fannie Mae and Freddie Mac, noting tight spreads at multi-year lows and lowest mortgage rates in three years in January indicate a healthy market, acknowledging a new household resilience working group will meet monthly to spot problems early at a Senate Banking, Housing and Urban Affairs Committee hearing on the Financial Stability Oversight Council's annual report.
Delaware Senator Lisa Blunt Rochester and Treasury Secretary Scott Bessent discuss what Treasury has done in response to FSOC and GAO warnings about risks in non-bank mortgage servicers that handle most US mortgages, to which Bessent responds that was the Yellen Treasury that said everything was a risk but they are focused on the mortgage market through Fannie Mae and Freddie Mac, noting tight spreads at multi-year lows and lowest mortgage rates in three years in January indicate a healthy market, acknowledging a new household resilience working group will meet monthly to spot problems early at a Senate Banking, Housing and Urban Affairs Committee hearing on the Financial Stability Oversight Council's annual report.
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Editorial Use only. May not be used as partisan political campaign material to promote or oppose the candidacy of any person for elective public office, and may not be used to distort the objects and purposes of the hearing or cast discredit or dishonor any member of the House or bring the House or any Member into disrepute. Contact your local office for all commercial or promotional uses.
Credit:
FedNet / Getty Images
Editorial #:
2260113802
Collection:
FedNet
Date created:
February 05, 2026
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Rights-ready
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Not released. More information
Clip length:
00:02:21:18
Location:
Washington, DC, United States
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MPEG-4 8-bit H.264 HD 1920x1080 29.97p
Source:
FedNet
Object name:
sba020526zd