Fannie Mae and Freddie Mac’s regulator told congressional Democrats yesterday that he welcomes their input on coming up with a plan to free the mortgage giants from federal control, Bloomberg News reported. “As we begin the journey of evaluating the enterprises and developing a framework for ending conservatorship, I would welcome your insight and perspective," Joseph Otting, the acting director of the Federal Housing Finance Agency, wrote in a letter to House Financial Services Committee Chairwoman Maxine Waters and Senator Sherrod Brown, the top Democrat on the Senate Banking Committee. Waters and Brown are among lawmakers who raised concerns that the Trump administration was considering going it alone to pursue sweeping changes to housing-finance policy. Last week, the Democrats demanded answers from Otting after he said at a private meeting earlier this month that the Treasury Department and White House would soon release a proposal, and that Trump-appointed officials were willing to circumvent Congress to get something done.
