“Craig Phillips, the counselor to the Treasury secretary who was spearheading the Trump administration’s move to overhaul the nation’s mortgage-financing system, is leaving his position next month, the department confirmed on Thursday.”
“Phillips’ departure comes as a surprise since he was widely seen as playing a central role in the administration’s effort to end government control of Fannie Mae and Freddie Mac, the mortgage-financing giants that were seized on the verge of collapse during the housing crisis. Treasury is expected to release a blueprint for reform as early as next month.” Read the full article here.
Source: Top Treasury official Craig Philips to depart – By Katy O’Donnell and Ben White, May 16, 2019. POLITICO.