Mnuchin hints at Frannie changes to end government control: Bloomberg

|By:, SA News Editor

The Trump administration wants to work with Congress to end government control of Fannie Mae (OTCQB:FNMA -3%) and Freddie Mac (OTCQB:FMCC -2.1%), but may pursue some changes on its own, Treasury Secretary Steven Mnuchin said in an interview with Bloomberg.

"I would like to get them out of conservatorship," he said during a roundtable interview. "My preference would be to do something that has bipartisan legislative support."

Key to such changes would be getting a new head of the Federal Housing Finance Agency confirmed by the Senate. Mnuchin didn't say what kinds of changes the administration could make without Congress.

The White House has said President Trump plans to nominate Mark Calabria, Vice President Mike Pence's chief economist.

Previously: More on Fannie Mae Q3: Sees $4.0B dividend to Treasury (Nov. 2)

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