Senate Democrats Ramp Up Scrutiny of Trump’s Fannie-Freddie Plan
- Warner, Warren and others send letter to Treasury and FHFA
- Questions raised about mortgage bonds and affordable housing
Photographer: Jacob Kepler/Bloomberg
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It’s been three months since the Trump administration released its plan to end government control of Fannie Mae and Freddie Mac and Democratic lawmakers still have unanswered questions, lots of them.
In a Tuesday letter, Senate Banking Committee Democrats put almost two dozen queries to the Treasury Department and Federal Housing Finance Agency, the companies’ regulator. Topics ranged from the potential impact releasing Fannie and Freddie will have on the trillions of dollars in mortgage securities that the companies backstop to whether housing costs will rise.