Democrats Urge White House to Pause Fannie, Freddie Share Sale

Key Senate Democrats are pressing the Trump administration to hold off on plans to sell shares of Fannie Mae and Freddie Mac in order to study how the move would impact mortgage rates.

In a letter Friday to Federal Housing Finance Agency Director Bill Pulte, a group of senators including Elizabeth Warren of Massachusetts urged the regulator to focus on lowering housing costs.

“You can help support lending affordability by pausing any efforts to reprivatize the Enterprises and instead study the potential effects of reprivatization on the mortgage market to avoid raising costs on families and weakening the stability ...