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Monday, December 26, 2016 11:49:03 AM
Source: https://www.treasury.gov/press-center/press-releases/Documents/fhfa_consrv_faq_090708hp1128.pdf
Q: When will the conservatorship period end?
A: Upon the Director’s determination that the Conservator’s plan to restore the Company to a safe and solvent condition has been completed successfully, the Director will issue an order terminating the conservatorship. At present, there is no exact time frame that can be given as to when this conservatorship may end.
"Director" is in reference to the FHFA Director which is his official title.
Because it's up to the sole discretion of the director, and the current director (Lew) is 100% against the release and has approx. 2 years left on his appointment, this is a rather large obstacle standing in the way of Mnuchin.
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