Fannie Overhaul to Focus on Legislative, Regulatory Changes, Sources Say
- Trump administration is said to focus on legislative overhaul
- White House intends to work with lawmakers, spokeswoman says
Prospective home buyers arrive to tour a house for sale in Dunlap, Illinois.
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The Trump administration’s push to free Fannie Mae and Freddie Mac from federal control will likely start with the White House calling on federal agencies to put forth ideas for a legislative and regulatory overhaul of the housing-finance giants, said people familiar with the matter.
The White House may outline a broad set of recommendations, such as increasing competition for the companies and protecting taxpayers from losses, and then request that the Treasury Department and the Department of Housing and Urban Development propose plans for implementing them, said the people who asked not to be named because plans are subject to change.