One of the Donald Trump administration’s priorities was to finally bring Fannie Mae and Freddie Mac back into private hands. The two companies, which repay around half of all mortgages in this country, have been under government tutelage since they nearly collapsed during the 2008 financial crisis.
Now, it appears the effort has been abandoned altogether. In a statement late Thursday, federal regulators said they will leave the companies’ current shareholding structure virtually intact.
It’s hard to overestimate the importance of Fannie Mae and Freddie Mac to the mortgage market.
“These are two institutions that, between the two of them, hold about $ 6.6 trillion in bonds behind mortgage-backed securities worldwide, the second largest currency after the US Treasury,” said David Stevens. Mountain Lake Consulting CEO.
This is partly why the administration and top regulator of corporations, the Federal Housing Finance Agency …
- According to this source Trump administration ends pressure to restructure Fannie Mae and Freddie Mac
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