WASHINGTON–The Trump administration is looking to end the conservatorship Fannie Mae and Freddie Mac in the near future, with the acting director of the Federal
Housing Finance Agency telling employees a plan to end the conservatorship will be released in the coming weeks, according to a report from MarketWatch.
Privatizing the entities has been a long-time goal of U.S. Treasury Secretary Steven Mnuchin, who in November of 2016 told Fox Business the administration had to “get them out of government control.”
“It makes no sense that these are owned by the government and have been controlled by the government for as long as they have,” he told Fox Business, promising at the time to execute the separation “reasonably fast.”