Securing a new Federal Housing Finance Agency director will be key said Treasury Secretary Steven Mnuchin.

The Trump Administration wants to work with Congress on freeing Fannie Mae and Freddie Mac from government control, though it’s considering pursuing some changes on its own, Treasury Secretary Steven Mnuchin said recently. “I would like to get them out of conservatorship,” Mnuchin said during a roundtable interview at Bloomberg’s Washington office. “My preference would be to do something that has bipartisan legislative support.” Mnuchin didn’t specify on what Treasury might do unilaterally, though he indicated that securing Senate confirmation of a new Federal Housing Finance Agency director will be key to the administration’s efforts. “There are changes we will be able to make with a new director at the FHFA,” Mnuchin said -- “My overall view is on the one hand, I want to make sure there’s access to liquidity and capital for consumers,” Mnuchin said. “On the other hand, I want to make sure whatever we do in restructuring them, we don’t put the taxpayer at risk.” Source: Bloomberg