Now that the investigation from special counsel Robert Mueller has come to a close and cleared President Trump of collusion, the president can now focus on getting back to work.
Wasting no time in getting back underway, Trump has signed a memorandum that will direct federal agencies to begin developing a plan that will drastically alter the U.S. housing finance system.
The Treasury Department as well as the Department of Housing and Urban Development will be tasked with making reform proposals for Fannie mae, Freddie Mac and any other related programs. Trump has signaled that he wants those reforms “as soon as practicable.”
The Trump administration has identified the two mortgage guarantors as a top priority and hopes to end the conservatorship that has been in place sine the 2008 crisis.