Fannie Mae and Freddie Mac are all but certain to survive another Congress and complete 10 years in the government's hands without major reform legislation.
Different interests have different reasons for wanting Fannie and Freddie out of government conservatorship.
Many conservatives want Fannie and Freddie eliminated to lessen the government's role in housing markets and to prevent a situation from recurring in which they earn profits for private shareholders but get an implicit government guarantee.
Mnuchin, a former banker who has boasted of his extensive career experience working with Fannie and Freddie, came into office pledging to take the two out of the government's care.
Republicans tried to suggest that the administration, particularly with a Trump appointee installed next year in the Federal Housing Finance Agency that oversees Fannie and Freddie, could swing housing policy in a sharply conservative direction if Congress doesn't act.
Giant investment firm PIMCO also recommended this year that the administration continue to run Fannie and Freddie as government corporations.
Crapo and his then-Democratic counterpart, Sen. Tim Johnson of South Dakota, advanced GSE reform legislation to the Senate floor in 2014 that would have dissolved Fannie and Freddie and replaced them with a government agency that provided an explicit government guarantee for mortgage-backed securities.
https://www.washingtonexaminer.com/policy/economy/fannie-mae-freddie-mac-survive-another-congress
Different interests have different reasons for wanting Fannie and Freddie out of government conservatorship.
Many conservatives want Fannie and Freddie eliminated to lessen the government's role in housing markets and to prevent a situation from recurring in which they earn profits for private shareholders but get an implicit government guarantee.
Mnuchin, a former banker who has boasted of his extensive career experience working with Fannie and Freddie, came into office pledging to take the two out of the government's care.
Republicans tried to suggest that the administration, particularly with a Trump appointee installed next year in the Federal Housing Finance Agency that oversees Fannie and Freddie, could swing housing policy in a sharply conservative direction if Congress doesn't act.
Giant investment firm PIMCO also recommended this year that the administration continue to run Fannie and Freddie as government corporations.
Crapo and his then-Democratic counterpart, Sen. Tim Johnson of South Dakota, advanced GSE reform legislation to the Senate floor in 2014 that would have dissolved Fannie and Freddie and replaced them with a government agency that provided an explicit government guarantee for mortgage-backed securities.
https://www.washingtonexaminer.com/policy/economy/fannie-mae-freddie-mac-survive-another-congress
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