Plans Near for Fannie Mae and Freddie Mac

The U.S. Treasury plan for Fannie Mae and Freddie Mac is almost ready for sign-off from Treasury Secretary Steven Mnuchin, but there are still several steps ahead.

More than a decade after the government seized control of Fannie Mae and Freddie Mac, the Trump administration is finalizing a plan to return the mortgage guarantors to private shareholder membership..

President Trump said freeing Fannie Mae and Freddie Mac from government control is a “pretty urgent problem” that his administration plans to work with Congress to address. Trump, speaking Friday at a.

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The federal takeover of Fannie Mae and Freddie Mac was the placing into conservatorship of the government-sponsored enterprises Federal National Mortgage Association and Federal Home Loan Mortgage Corporation by the U.S. Treasury in September 2008. It was one of the financial events among many in the ongoing subprime mortgage crisis. On September 6, 2008, the director of the Federal housing finance agency, James B. Lockhart III, announced his decision to place the two GSEs into a conservatorship

Mark Calabria, director of the Federal Housing Finance Agency, is part of an effort to return Fannie Mae and Freddie Mac to private ownership.

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Trump administration officials are finalizing a plan to put mortgage-finance giants Fannie Mae and Freddie Mac on a sounder financial footing, then return them to private-shareholder ownership.

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A new report from Bloomberg’s Austin Weinstein states that Fannie Mae and Freddie Mac may be freed from government control. who said lawmakers will get "more than sufficient time" to come up with a.

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