U.S. Treasury Secretary Steven Mnuchin on Thursday unveiled a plan to overhaul the housing market that would release Fannie Mae and Freddie Mac from government control. “The Trump Administration is... Who's Online | Find Members | Private Messages
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Secretary of the Treasury Steven Mnuchin plans to release Fannie, Freddie from government control

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1 month ago - Thursday 9/5/19 - 8:30:09 PM EST (GMT-5)
U.S. Treasury Secretary Steven Mnuchin on Thursday unveiled a plan to overhaul the housing market that would release Fannie Mae and Freddie Mac from government control.

“The Trump Administration is committed to promoting much needed reforms to the housing finance system that will protect taxpayers and help Americans who want to buy a home,” he said.


Fannie Mae, which stands for the Federal National Mortgage Association, and Freddie Mac, the Federal Home Loan Mortgage Corporation, were put into government conservatorship during the 2008 financial crisis, which started in the housing market.

The Treasury Department, which has poured $190 billion into the institutions since the crisis, called their conservatorship the "last unfinished business of the financial crisis."

https://thehill.com/policy/finance/...



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