Kudlow, who called Fannie, Freddie profit sweep a ‘scam,’ is at center of White House housing reform plans

Bloomberg News
Larry Kudlow, director of the U.S. National Economic Council

The memo signed by President Donald Trump on Wednesday outlining how the White House will approach ending the conservatorship of Fannie Mae and Freddie Mac puts Larry Kudlow, his economic adviser, at the center of process.

The memo says that what’s called the Treasury Housing Reform Plan — mostly, the privatization ideas for Fannie Mae and Freddie Mac, as well as the HUD Reform Plan, which centers around the future of the Federal Housing Administration — will be submitted “to the President for approval, through the Assistant to the President for Economic Policy, as soon as practicable.

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