Estimated reading time: 0 minutes, 30 seconds

Trump Sets Fannie, Freddie Path, But Biden Has Final Say

President Donald Trump’s Treasury Department has unveiled a plan that would effectively suspend Fannie Mae and Freddie Mac’s dividend payments to the U.S. government, setting them on track to leave government control. So reports Bloomberg.

-more-->The announced changes would let the mortgage finance giants keep billions of dollars in profits to build up a capital buffer.

President-elect Joe Biden’s administration has final say on the plan, which probably means Fannie and Freddie will stay in federal conservatorship for the time being, as they have been since the 2008 credit crunch.

Read the full article from Bloomberg.

Read 383 times
Rate this item
(0 votes)


click me
PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.