Craig Phillips Leaves Treasury Before Fannie Report Is Finished
- Key aide to Mnuchin announced plans to step down last month
- Former banker was architect of Trump’s banking deregulation
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Craig Phillips, a top aide to Treasury Secretary Steven Mnuchin, left the agency last week before the release of a housing-finance plan he was expected to finish, according to people familiar with the matter.
Phillips, who said in May that he was planing to step down, led the Treasury Department’s effort to draft a plan to get Fannie Mae and Freddie Mac out of U.S. conservatorship. Federal Housing Finance Agency Director Mark Calabria said last week that he hoped Treasury’s plan to return the companies to private ownership would come by the end of the month. The White House is reviewing a draft of the proposal, people familiar with the matter have said.