Should the federal government privatize government-sponsored enterprises Fannie Mae and Freddie Mac? Yes, according to President-elect Donald Trump and his top pick for secretary of the U.S. Treasury Department, Steven Mnuchin.
- President-elect Donald Trump's pick for Treasury secretary, Steven Mnuchin, is best known as a former Goldman Sachs partner and manager of several hedge funds.
- Mnuchin wants to privatize government-sponsored enterprises Freddie Mae and Fannie Mac and also “strip back parts of” the Dodd-Frank Act.
- Bill Brown, president of the National Association of Realtors, agreed that it's time to "wind down" government control of the GSEs.
- The chief economist of the Mortgage Bankers Association cautioned that, "We don’t want to move abruptly in any way that would destabilize the market."