Trump to Sign Memo on Fannie and Freddie Privatization

trump-signs-memo.jpg

(Bloomberg)—President Donald Trump is expected to sign a memo on an overhaul of Fannie Mae and Freddie Mac as soon as Wednesday, according to two people familiar with the matter.

The Trump administration’s push to free Fannie and Freddie from federal control will likely start with the White House calling on the Treasury Department and the Department of Housing and Urban Development to put forth ideas for a legislative and regulatory overhaul of the housing-finance giants, people familiar with the matter have said.

The move would be the culmination of months of meetings among administration officials on what to do about Fannie and Freddie.

To contact the reporter on this story: Shannon Pettypiece in Washington at [email protected] To contact the editors responsible for this story: Alex Wayne at [email protected] Justin Blum, Jesse Westbrook

COPYRIGHT

© 2019 Bloomberg L.P

0 replies

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply

Your email address will not be published. Required fields are marked *