Trump administration releases housing finance blueprint to privatize Fannie Mae, Freddie Mac

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The Trump administration released its long-awaited plan to reform the nation’s housing finance system and privatize Fannie Mae and Freddie Mac. The recommendations include: “simplifying” the Qualified Mortgage rule, eliminating the so-called QM patch that lets Fannie and Freddie sidestep some regulations, and reducing “unnecessary regulatory impediments” for private-label securitization.