Banking Law News

Fannie-Freddie Soar on FHFA Chief’s Conservatorship Comment (1)

Jan. 18, 2019, 6:29 PM

Fannie Mae and Freddie Mac shares soared Jan. 18 amid fresh reports that the Trump Administration is working on proposal that would recommend freeing the mortgage-finance giants from government control.

Joseph Otting, acting director of the Federal Housing Finance Agency, commented on the administration’s plans at an internal gathering to introduce himself to staff and establish open lines of communication, an FHFA spokesperson said in a statement. MarketWatch reported on the meeting earlier Jan. 18.

Otting mentioned, as he previously has, that the Treasury Department and the White House are expected to release a broad plan for housing that will...

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