Fannie Mae-No Politics (FNMA)

[ewtrader]

Interesting - 01-30-2019 “ FHFA head offers olive branch to Congress on privatizing Fannie Mae, Freddie Mac”

Andrea Riquier Published: Jan. 30, 2019 at 5:11 p.m. ET

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 FNMA, -0.54% and Freddie Mac FMCC, +0.25% 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.