Democrats call for halt of Fannie Mae, Freddie Mac privatization

Senate Democrats led by Sen. Elizabeth Warren (Mass.), the ranking member of the Banking Committee, called on the Trump administration to halt the reprivatization of Fannie Mae and Freddie Mac, which finance 70 percent of the nation’s mortgage market and entered federal conservatorship after the 2008 financial crisis.

“We have serious concerns that you plan to make significant changes to the enterprises in a way that would put investor profits over the homes of millions of Americans.