Mnuchin Hints at Fannie-Freddie Changes to End U.S. Control (1)

Dec. 18, 2018, 9:19 PM

The Trump administration wants to work with Congress on freeing Fannie Mae and Freddie Mac from government control, though it’s considering pursuing some changes on its own, Treasury Secretary Steven Mnuchin said Dec. 18.

“I would like to get them out of conservatorship,” Mnuchin said during a roundtable interview at Bloomberg’s Washington office. “My preference would be to do something that has bipartisan legislative support.”

Fannie and Freddie rose after Bloomberg reported the Treasury Secretary’s comments.

Mnuchin didn’t specify on what Treasury might do unilaterally, though he indicated that securing Senate confirmation of a new Federal Housing Finance Agency director ...

To read the full article log in.

Learn more about a Bloomberg Law subscription.