Dems give Otting ultimatum on GSE plans

Six months after a federal court found its structure unconstitutional, the Federal Housing Finance Agency’s (FHFA) independent status is being questioned by prominent congressional Democrats with regard to the agency’s failure to loop in Congress on purported plans to end the conservatorship of Fannie Mae and Freddie Mac.

Referencing media reports that FHFA acting director Joseph Otting had discussed such plans internally with FHFA staffers and with the Trump administration, Democratic congressional leaders urged Otting to clarify what plans he has for the government-sponsored enterprises during his time as interim director.

Find out more about what the legislators had to say.