Fannie Mae-No Politics (FNMA)

[navycmdr]

Speaking at a Thursday luncheon sponsored by Women in Housing and Finance,
Treasury counselor Craig Phillips said the Trump White House is
“extremely committed” to housing-finance reform and

favors reform objectives outlined this week by FHFA Director Mel Watt.
(Reporting by Carisa Chappell / [e-mail].)

In a seven-page document provided to the Senate Banking Committee,
Watt and his staff call for Fannie and Freddie to be

“reincorporated as private, shareholder-owned corporations


with a regulated rate of return that would enter the market
as the first two SMEs [secondary market entities] in order
to help ensure an orderly transition to the new system…” [/color]