Treasury Secretary Steven Mnuchin said yesterday that he plans for action on the bailed-out government-sponsored enterprises Fannie Mae and Freddie Mac after the midterm elections in November, the Washington Examiner reported. Mnuchin also said that he would pursue bipartisan legislation to take the two mortgage giants out of the government’s custody, where they have lingered since 2008. Mnuchin also said that President Trump would look to replace the government regulator who oversees Fannie and Freddie. That position, the director of the Federal Housing Finance Agency, is held by Mel Watt, an Obama appointee. Watt’s term ends in early 2019. That will be an opportunity to “make sure we have someone in that job that supports the agenda,” Mnuchin said.
