Fannie-Freddie Release Plan Draws Scrutiny From Democrats
- Waters and Brown send letter to Otting on his recent comments
- Lawmakers imply that he may be undermining FHFA’s independence
Photographer: Jacob Kepler/Bloomberg
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Congressional Democrats, concerned the Trump administration is going it alone to pursue sweeping changes to housing-finance policy, demanded more details on reports that the Treasury Department is formulating a plan to release Fannie Mae and Freddie Mac from federal control.
The scrutiny from House Financial Services Committee Chairwoman Maxine Waters and Senator Sherrod Brown, the top Democrat on the Senate Banking Committee, follows statements from a President Donald Trump-appointed regulator about ending the mortgage giants’ decade-long conservatorships.