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Tags: Financial Markets | Money | Fannie Mae | Freddie Mac

U.S. Treasury Suspends Changes to Fannie Mae, Freddie Mac Share Agreements

Mark Calabria
Federal Housing Finance Agency Director Mark Calabria speaks at a Senate Banking Committee hearing on the Trump Administration's reasons for ending government control of Fannie Mae and Freddie Mac. (AP)

Tuesday, 14 September 2021 04:36 PM

The Treasury Department on Tuesday said it had suspended changes to the government's stake in housing giants Fannie Mae and Freddie Mac imposed in the final days of the Trump administration.

Those changes would have allowed the pair to begin to retain profits with an eye toward eventually exiting government control. The Treasury said the Federal Housing Finance Agency, which regulates the pair, is now reviewing those changes and consulting with Treasury on future revisions.

© 2021 Thomson/Reuters. All rights reserved.


StreetTalk
The Treasury Department on Tuesday said it had suspended changes to the government's stake in housing giants Fannie Mae and Freddie Mac imposed in the final days of the Trump administration.
Fannie Mae, Freddie Mac
75
2021-36-14
Tuesday, 14 September 2021 04:36 PM
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