Fannie-Freddie Regulator Now Welcomes Lawmaker Input on Revamp

In an apparent about face, Fannie Mae and Freddie Mac’s regulator told congressional Democrats Wednesday that he welcomes their input on coming up with a plan to free the mortgage giants from federal control.

“As we begin the journey of evaluating the enterprises and developing a framework for ending conservatorship, I would welcome your insight and perspective,” Joseph Otting, the acting director of the Federal Housing Finance Agency. wrote in a letter to House Financial Services Committee Chairwoman Maxine Watersand Senator Sherrod Brown, the top Democrat on the Senate Banking Committee.

Waters and Brown are among lawmakers who raised concerns ...