Fannie Mae and Freddie Mac Would Be Privatized Under Proposed House Budget

House Republicans want to privatize Fannie Mae and Freddie Mac as part of their 2018 budget proposal.

GOP members of the House of Representatives on Tuesday unveiled their 2018 budget. Dubbed “Building a Better America” and authored by Budget Chairman Diane Black (R-TN), the plan calls for more than $200 billion in cuts to mandatory spending programs and sets the path for tax reform. It also calls for the privatization of mortgage giants Fannie Mae and Freddie Mac and assumes provisions of the House bill that would repeal Dodd-Frank.

Source: TheStreet

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