Published On: Wed, Sep 15th, 2021

US Treasury Suspends Changes to Fannie Mae, Freddie Mac Share Agreements

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WASHINGTON—The U.S. Treasury Department said on Tuesday 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 are aimed at lifting curbs on the agencies’ ability to back certain types of mortgages, including on second homes, multifamily homes and homes bought with higher risk loans, after the Trump administration directed the pair to shrink their footprint in the housing market. The Federal Housing Finance Agency, which regulates the pair, is reviewing those changes and consulting with Treasury on other possible changes. The suspension effectively freezes changes put in place in the final days of the Trump administration. Then-Treasury Secretary Steven Mnuchin had attempted to draw up a blueprint for the exit of Fannie and Freddie from government control. In January 2020, the Treasury Department announced it had altered its stake in the pair, … Save 10% on Citrus trees with code CITRUS

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