Fannie Mae: Now Everybody Is Talking About Ending the Conservatorship

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Fannie Mae: Now Everybody Is Talking About Ending the Conservatorship

Fannie Mae

Photo by NCinDC

As 2017 opens, could ending the conservatorship of Fannie Mae and Freddie Mac be fairly easy after all? Now in its ninth year, the complexity and size of the undertaking – not to mention the politics involved – has proven to be too much for Washington but the incoming Trump Administration might be ready to tackle the issue with a little common sense and decisiveness.

Just after his selection was announced in November, Treasury Secretary-designate Steve Mnuchin told Fox Business News that getting Fannie and Freddie “out of government control” would be a “top ten” priority for the Trump Administration and expressed confidence that the process could be completed quickly and with relative ease.

Echoing this optimism in the Wall Street Journal a few weeks later, former Federal Deposit Insurance Corporation Chairman William Isaac and Richard Kovacevich, retired chairman and CEO of Wells Fargo & Co., agreed that moving to a privatized secondary mortgage finance system would be “easier than it seems.”

Bonhoeffer Fund July 2022 Performance Update