Fannie-Freddie Plan Could Face Race to Finish After Biden’s Win

Nov. 9, 2020, 11:00 AM UTC

A White House-backed effort to free mortgage giants Fannie Mae and Freddie Mac from government control has been cast into doubt by former Vice President Joe Biden’s victory over President Donald Trump.

That leaves Trump officials with roughly two-and-a-half months to lock in whatever changes they can to Fannie, Freddie and the nation’s $10 trillion housing-finance system. If they run out of time, it would be a big setback for Fannie and Freddie shareholders, a group that has included hedge fund giants and major Trump donors such as John Paulson of Paulson & Co.

Fannie and Freddie are ...

Learn more about Bloomberg Law or Log In to keep reading:

See Breaking News in Context

Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.

Already a subscriber?

Log in to keep reading or access research tools and resources.