Trump Says Freeing Fannie-Freddie From U.S. Control Is ‘Urgent’
- Reform plans from Treasury, HUD expected in coming months
- Administration is dicussing reform ideas with Wall Street
This article is for subscribers only.
President Donald Trump said freeing Fannie Mae and Freddie Mac from government control is a “pretty urgent problem” that his administration plans to work with Congress to address.
Trump, speaking Friday at a conference hosted by the National Association of Realtors, said that the mortgage giants lack competition, that taxpayers remain on the hook for any losses at the companies and that they aren’t being run as well as they could be. He added that his administration is discussing ideas for fixing Fannie and Freddie with “some incredible talent from Wall Street.”