The U.S. Senate Committee on Banking, Housing and Urban Affairs’ Ranking Member, Senator Elizabeth Warren, sent a letter to Treasury Secretary Scott Bessent seeking information on the Administration’s reported plans to reprivatize Fannie Mae and Freddie Mac, citing repeated failures by Federal Housing Finance Agency Director William Pulte to respond to prior inquiries. The letter raises questions about which agency would lead any reprivatization process, what the policy goals would be, and how the housing market and taxpayer interests would be protected. Warren also argues that Congress should be involved given its role in implementing changes to the Housing and Economic Recovery Act of 2008, the Safety and Soundness Act of 1992, and other laws governing oversight of the Enterprises, and cites polling indicating concern that privatization could raise mortgage interest rates. The letter calls for an impact assessment before any plan is established, including economic analysis, robust public input, an assessment of the Enterprises’ role in today’s market, and evaluation of implications for the mortgage market and broader economy. Warren requested a response to her information requests by October 8, 2025.
U.S. Senate Committee on Banking, Housing and Urban Affairs 2025-09-24
U.S. Senate Committee on Banking, Housing and Urban Affairs Ranking Member Warren requests Treasury details on plans to reprivatize Fannie Mae and Freddie Mac
Senator Elizabeth Warren has requested information from Treasury Secretary Scott Bessent on plans to reprivatize Fannie Mae and Freddie Mac, highlighting concerns over agency leadership, policy goals, and protection of housing market and taxpayer interests. Warren emphasizes the need for Congressional involvement and calls for an impact assessment, including economic analysis and public input, before proceeding with any plan.