Trump Issues Memo Calling for GSE, HUD Reform

Wednesday, March 27, 2019 - 3:15pm

President Donald Trump today issued a memorandum on federal housing finance reform, including frameworks to reform housing government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac, programs of the U.S. Department of Housing and Urban Development (HUD), the Federal Housing Administration and Ginnie Mae. Trump called on the secretaries of the Treasury Department and HUD to develop plans to achieve a series of goals, including the end to conservatorship of the GSEs, which includes defining their roles in promoting affordable housing. Treasury Secretary Steven Mnuchin was directed to publish the memorandum in the Federal Register.