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The U.S. housing regulator has cooled market expectations that the mortgage guarantors Fannie Mae and Freddie Mac could be quickly retooled prior to the 2020 presidential election. So reports Reuters.
Federal Housing Finance Agency director Mark Calabria, whose agency oversees the government-sponsored enterprises said a Trump Administration proposal to overhaul Fannie and Freddie—expected this month—might not arrive until September.
Calabria said it was his “hope” that the GSEs could exit conservatorship by the end of his term in 2024. He noted that this was not a firm deadline.
