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 / cchappell@imfpubs.com.)
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]
Trump White House is “extremely committed” to housing-finance reform and favors reform objectives outlined this week by Federal Housing Finance Agency Director Mel Watt. (Reporting by Carisa Chappell / cchappell@imfpubs.com.)