President Trump signed a memorandum that directs HUD and Treasury to draft administrative and legislative options for housing finance reform to be submitted to the President for approval as soon as practicable. HUD will prepare a reform plan for the housing finance agencies it oversees, and Treasury will prepare a reform plan for Fannie Mae and Freddie Mac. The reform plans will aim to end the conservatorship of Fannie Mae and Freddie Mac and improve regulatory oversight over them and promote competition in the housing finance market and create a system that encourages sustainable homeownership and protects taxpayers against bailouts.
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