Despite Fitch Ratings’ analysts suggesting recently that reforming Fannie Mae and Freddie Mac may be slowed by the Trump administration’s other legislative efforts, one of President Trump’s top economic advisors said on Friday that Fannie and Freddie reform will be high on Steve Mnuchin’s agenda once he is confirmed as Secretary of the Department of the Treasury, HousingWire.com reported. Gary Cohn, the White House National Economic Council Director and a former top executive at Goldman Sachs, said that government-sponsored enterprise reform is “definitely on our agenda.” According to Cohn, while Mnuchin awaits confirmation amid a fight in the Senate, he has been focusing on GSE reform. Cohn said that the Trump administration “definitely” has plans to work on GSE reform, adding that he hopes Mnuchin is approved by the Senate as soon as possible.
