Senators ask FHFA to pause plans to privatize Fannie, Freddie

A group of Democratic senators, including Elizabeth Warren and Chuck Schumer, asked the director of the Federal Housing Finance Agency to pause any efforts to privatize mortgage finance companies Fannie Mae and Freddie Mac.

President Donald Trump said on social media last month that he’s considering a public stock offering for the two government-backed enterprises, triggering speculation that the administration could seek to end government ownership of the two companies. FHFA director William Pulte has confirmed the administration is studying ways to carry out a public offering for the companies. 

READ MORE: FHFA’s Pulte defers to a higher authority on conservatorship

In a letter sent Thursday, 14 senators asked Pulte, whose agency regulates Fannie Mae and Freddie Mac, to wait on any…