Wall Street Casts Skeptical Eye on Trump Fannie-Freddie Plan
- Proposal ‘short on details,’ certain to face opposition: AGF
- Plan ‘weds’ government to Fannie, Freddie, FTN’s Vogel Says
A pedestrian walks past Fannie Mae headquarters in Washington, D.C.
Photographer: Andrew Harrer/BloombergThis article is for subscribers only.
Shares of Fannie Mae and Freddie Mac fell Friday morning after the Trump administration laid out its vision for releasing the mortgage giants from more than a decade of federal control.
Analysts said the report represented progress, but cautioned that it offered scant details, warned that any change will likely take a long time, and probably depends on bipartisan efforts in Congress and President Trump winning re-election.