Mark Calabria has a message for Congress: Help the Trump administration overhaul mortgage-finance companies Fannie Mae and Freddie Mac, or he will do what he can on his own, the Wall Street Journal reported. The two companies, critical to half the nation’s mortgages, have been under government control since the 2008 financial crisis. For over a decade, policymakers have tried and failed to return them to the private sector and scale back the government’s role in housing. Calabria is expected to send ideas to Congress as early as this week. He acknowledged that mortgages could become more expensive if the Trump administration returns Fannie and Freddie to private hands without a broader legislative solution — a reason Congress ought to act, he said.
