WSJ: Fannie, Freddie overseer looks to end Federal control before Trump leaves

Federal Home Finance Agency head Mark Calabria, the reg­u­la­tor who over­sees Fannie Mae and Freddie Mac is push­ing to speed up the mort­gage gi­ants’ exit from 12 years of gov­ern­ment conservatorship, but has yet to reach an agreement with U.S. Department of the Treasury Secretary Steven Mnuchin. Two major considerations: (1) concern about any action that would inject uncertainty in the government’s backing of the firms which have helped drive the record low mortgage rates of late and (2) potential write down of the government’s $220B+ of senior preferred shares in the two firms which would disincent any private investor interest.