March 27, 2019 / 2:05 PM / 23 days ago

Trump expected to sign memorandum on federal housing finance reform

WASHINGTON, March 27 (Reuters) - President Donald Trump is expected to sign a memorandum on federal housing finance reform on Wednesday, according to a White House official.

In January, the White House said it was preparing a framework for an overhaul that “fully addresses the risks to taxpayers presented by the current housing finance system.”

Congress is debating its own housing finance reform options, but has struggled in recent years to advance a plan.

The Trump administration has identified reforming mortgage guarantors Fannie Mae and Freddie Mac as a top priority. The two government-sponsored enterprises have remained under a government conservatorship since 2008, when the two faced collapse during the subprime mortgage crisis.

Reporting by Pete Schroeder Editing by Chizu Nomiyama

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