Fannie Mae-No Politics (FNMA)

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FHFA head offers olive branch to Congress on privatizing Fannie Mae, Freddie Mac
MarketWatch
Andrea Riquier
,MarketWatch•January 30, 2019

In a letter obtained by MarketWatch, the acting director of the Federal Housing Finance Agency on Wednesday wrote to senior Democrats on the Senate Banking Committee, offering to work together on efforts to release Fannie Mae and Freddie Mac from government conservatorship. Joseph Otting told House Financial Services Committee Chairwoman Maxine Waters and ranking Senate Banking Committee member Sherrod Brown that he "would welcome your insight and perspective" as overhaul efforts begin. That step follows reporting by MarketWatch that showed Otting intended to work directly with the Treasury Department to release the two mortgage companies, with no participation from Congress. The White House also has said they will work with Capitol Hill to take the mortgage giants out of conservatorship.