Fannie-Freddie Release Plan Draws Scrutiny From Democrats

The scrutiny from House Financial Services Committee Chairwoman Maxine Waters and Senator Sherrod Brown, the top Democrat on the Senate Banking Committee, follows statements from a President Donald Trump-appointed regulator about ending the mortgage giants’ decade-long conservatorships. Joseph Otting, the acting head of the companies’ regulator, told Federal Housing Finance Agency staff at a private meeting last week that Treasury and the White House will soon release a proposal.