US EditionDemocrats call for halt of Fannie Mae, Freddie Mac privatization
- Late last month, President Trump announced on social media plans to take Fannie Mae and Freddie Mac public with an implicit guarantee.
- This announcement followed intensified discussions about releasing the government-sponsored enterprises from conservatorship over the past two weeks.
- Senator Elizabeth Warren and other Senate Democrats sent letters urging FHFA Director Bill Pulte to halt privatization and questioned oversight of Rocket Companies' acquisitions of Redfin and Mr. Cooper.
- They cautioned that rushed and ill-conceived modifications to the housing Enterprises might significantly raise expenses for prospective homebuyers, benefiting President Trump’s wealthy donors while exacerbating the ongoing housing shortage.
- These developments suggest ongoing political contention over Fannie Mae and Freddie Mac’s future, potentially impacting housing market costs and access.
8 Articles
8 Articles
Democrats call for halt of Fannie Mae, Freddie Mac privatization
Senate Democrats led by Sen. Elizabeth Warren (Mass.), the ranking member of the Banking Committee, called on the Trump administration to halt the reprivatization of Fannie Mae and Freddie Mac, whi…
Senators Ask Housing Finance Agency to Pause Plans to Privatize Fannie, Freddie
A group of Democratic senators, including Elizabeth Warren and Chuck Schumer, asked the director of the Federal Housing Finance Agency to pause any efforts to privatize mortgage finance companies Fannie Mae and Freddie Mac.
Democrats call for halt of Fannie Mae_ Freddie Mac privatization
Senate Democrats led by Sen. Elizabeth Warren (Mass.), the ranking member of the Banking Committee, called on the Trump administration to halt the reprivatization of Fannie Mae and Freddie Mac, which finance 70 percent of the nation’s mortgage market and entered federal conservatorship after the 2008 financial crisis. “We have serious concerns that you plan to make significant changes to the enterprises in a way that
Senators call on FHFA's Bill Pulte to pause GSE privatization plans
A group of 14 Democratic senators, led by Elizabeth Warren (Mass.) and Minority Leader Chuck Schumer (N.Y.), have called on Federal Housing Finance Agency (FHFA) Director Bill Pulte to pause any potential plans to release government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac from conservatorship. The letter, first reported by Bloomberg, said that any potential plans need to be presented to Congress in a briefing before they’re pursu…
Sen. Warren Slams Rocket Companies' Acquisitions, GSE Privatization
Sen. Elizabeth Warren (D-MA) has taken aim at the Trump administration for failing to question Rocket Companies’ (NYSE: RKT) recent acquisition announcements and for seeking to privatize Fannie Mae (OTCQB: FNMA) and Freddie Mac (OTCQB: FMCC).
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