Fannie Mae-No Politics (FNMA)

[cooler_heads]

https://www.bloomberg.com/amp/news/articles/2014-11-20/regulators-urged-to-set-fanniefreddie-free-from-us?client=safari

Watt said Treasury would have to initiate talks with him if Congress isn’t able to come up with a solution. Treasury spokesman Adam Hodge said the Obama administration “continues to believe that the best way to responsibly end the conservatorship is through comprehensive housing finance reform legislation.”

http://www.housingwire.com/articles/38635-trump-treasury-pick-fannie-mae-and-freddie-mac-will-be-privatized

Bartiromo asks why the government hasn’t already returned Fannie and Freddie to their previously private status, to which Mnuchin says the Obama administration did not make privatization or GSE reform a priority.

“If it had been a priority, it would have,” Mnuchin says.

Mnuchin then lays out just how important returning the GSEs to private control is and how quickly they Trump administration plans to do it.

“Our administration, it’s right up there in the top 10 list of things we’re going to get done,” Mnuchin says. “And we’ll get it done reasonably fast.”