Fannie Mae-No Politics (FNMA)

[navycmdr]

Mr. Calabria is expected to send ideas to Congress as early as this week,

people familiar with the matter said.

"If I do nothing and don't push, then I'm fairly certain Congress will do nothing,"

said Mr. Calabria, the Trump-appointed head of the FHFA,

which oversees Fannie and Freddie.

"They have a lot of priorities, so how do I knock this up a few levels

in the priority chain for Congress ? "

WASHINGTON -- Mark Calabria has a message for Congress: Help the Trump administration overhaul mortgage-finance companies Fannie Mae and Freddie Mac, or he will do what he can on his own.

The two companies, critical to half the nation's mortgages, have been under government control since the 2008 financial crisis. For over a decade, policy makers have tried and failed to return them to the private sector and scale back the government's role in housing.