Scott Turner, the newly confirmed head of the Department of Housing and Urban Development (HUD), announced that a cross-government effort to privatize Fannie Mae and Freddie Mac would be a top priority. This statement signals a clear strategic direction from the administration.
Turner indicated that HUD would collaborate with the Treasury Department and Congress on this initiative, with HUD acting as a 'quarterback' in the process. The Federal Housing Finance Agency would also be involved in these efforts.
This announcement from a key government official reinforces the Trump administration's intent to pursue privatization for Fannie Mae. Such a move would fundamentally reshape the company's future operations, capital structure, and market position, representing a significant strategic shift.
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