The recent renewal of the efforts to release the government-backed mortgage buyers Freddie Mac and Fannie Mae from federal oversight could change the mortgage landscape for American borrowers, if the process is successful.
The privatization proposal released by Mark Calabria, director of the Federal Housing Finance Agency, which oversees the two enterprises, follows an earlier plan introduced by his predecessor in 2018.
“Together, the enhancements in the re-proposal ensure each Enterprise’s safety and soundness and its ability to fulfill its statutory mission across the economic cycle, in particular during periods of financial stress,” Calabria said in a statement.
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https://www.forbes.com/sites/dimawilliams/2020/06/08/freddie-mac-and-fannie-mae-to-leave-government-scrutiny-what-can-mortgage-borrowers-expect/#27aaa19261e8
