skip to Main Content

Plans To Reform Fannie Mae & Freddie Mac

The Trump administration will reportedly work with Congress to develop a plan for reforming Fannie Mae and Freddie Mac. A White House spokeswoman said the administration plans to issue a framework on housing-finance reform “shortly” and will work with Congress as part of the process. Acting Federal House Finance Agency (FHFA) Director Joseph Otting reportedly told agency staff the administration plans to unilaterally end the conservatorship of Fannie and Freddie and capitalize the enterprises. Otting (the Comptroller of the Currency) is Acting FHFA Director pending Senate confirmation of Mark Calabria (currently Chief Economist to Vice President Pence) to lead the agency. ICBA continues working with policymakers to ensure housing-finance reform meets the needs of community banks and the customers they serve, including the need to adequately capitalize Fannie and Freddie, minimize disruptions to the system, and preserve access to the secondary market for financial institutions of all sizes.

Back To Top