In this engaging discussion with Jim Lockhart, a seasoned expert in housing finance, he dives into the complexities of Fannie Mae and Freddie Mac's conservatorship. Lockhart emphasizes the necessity of a strategic approach to transition these entities while navigating high mortgage rates and housing affordability. He reflects on the historical impact of conservatorship and the surprising legislative inaction since. The conversation also highlights crucial issues in government debt management and the need for bipartisan cooperation to ensure a stable mortgage market.