Trump Admin Floats Plan To Privatize Federal Mortgage Giants

Law360 (September 5, 2019, 10:42 PM EDT) -- The Trump administration on Thursday put forward plans to wean Fannie Mae and Freddie Mac off government control as part of a broader overhaul of the housing finance system, according to documents published by the departments of Housing and Urban Development and the Treasury.

Officials said the government-sponsored entities pose a risk to public coffers because they're still under government conservatorship more than a decade after the feds scooped them up during the height of the financial crisis.

The report put out by the Treasury Department on Thursday says Fannie and Freddie "remain critical to the functioning" of the housing finance...

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