President Donald Trump’s long-standing effort to end government control of mortgage giants Fannie Mae and Freddie Mac is facing renewed uncertainty after Federal Housing Finance Agency Director Bill Pulte was also named acting director of national intelligence, according to a report by CNN.
Pulte will continue overseeing Fannie Mae and Freddie Mac while taking on intelligence responsibilities, prompting analysts and housing experts to question whether the administration can still prioritize the complex privatization effort.
Susan Wachter of the University of Pennsylvania told CNN that progress toward a spin-off appears to have slowed, while TD Cowen analyst Jaret Seiberg said the initiative was already politically and operationally difficult before Pulte’s expanded role.
The report said Fannie and Freddie remain under government conservatorship nearly two decades after the 2008 financial crisis. Supporters argue privatization could generate billions of dollars and reduce government involvement.
However, critics warn that a poorly managed exit could disrupt mortgage-backed securities markets and lead to higher borrowing costs for homebuyers. Investor optimism has also weakened, with shares of both companies falling sharply this year amid uncertainty over the administration’s next steps.
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