Pulte sees no scenario where Trump isn’t in control of Fannie Mae, Freddie Mac

Federal Housing Finance Agency Director Bill Pulte said he cannot envision a situation where President Donald Trump relinquishes control of Fannie Mae and Freddie Mac, emphasizing there is a need to keep implicit guarantees intact as the administration considers potential options for the two mortgage giants. 

READ MORE: What Trump’s latest GSE comments could mean for mortgages

“I don’t see any scenario where the president isn’t in control of Fannie Mae and Freddie Mac,” Pulte said during an interview with Bloomberg Television Thursday.

Trump has said that the US government would retain guarantees and an oversight role over Fannie and Freddie even as he pursues a public offering for the mortgage giants. The companies, which play a crucial role in the market for mortgage-backed…