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Fannie, Freddie Regulator Seeks to Expedite Privatization

Wednesday, Nov 25 2020
Lending
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The head of the federal agency that oversees Fannie Mae and Freddie Mac has been working to streamline the mortgage giants’ exit from government control.

!--more-->So reports Reuters, citing a subscriber-only report by The Wall Street Journal.

Mark Calabria, director of the Federal Housing Finance Agency, is reportedly eyeing a return to private hands for the two government-sponsored entities prior to the end of President Trump’s term on January 20.

U.S. Treasury Secretary Steven Mnuchin would first have to agree to the terms of such a move.

Read the full article from Reuters. 

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