Fannie, Freddie Privatization Decisions Likely to Be Left to Biden Administration

Wall Street Journal, Dec. 15, 2020–Andrew Ackerman (subscription)
Joe Biden’s election victory has likely ended the Trump administration’s efforts to return Fannie Mae and Freddie Mac to private hands. Treasury Secretary Steven Mnuchin suggested in an interview he is unlikely to support a legal move—called a consent order—to end the government conservatorships of the mortgage-finance companies before President Trump leaves office. His signoff would be required for any change in their legal status.