U.S. Treasury eyes action on Fannie Mae, Freddie Mac by month’s end: Mnuchin

FAN Editor
G7 summit in Biarritz
FILE PHOTO: U.S. Treasury Secretary Steven Mnuchin walks to a working breakfast at the G7 Summit in Biarritz, France, August 25, 2019. Erin Schaff/Pool via REUTERS

September 12, 2019

WASHINGTON (Reuters) – U.S. housing regulators and the Treasury Department were actively negotiating a profit sweep of mortgage giants Fannie Mae and Freddie Mac, U.S. Treasury Secretary Steven Mnuchin said on Thursday.

“That’s something that the FHFA (Federal Housing Finance Agency) and we are working on. We are actively negotiating an amendment, and I think our objective is to try to get it done by the end of the month,” Mnuchin told CNBC in an interview.

(Reporting by Susan Heavey; Editing by Andrew Heavens)

Free America Network Articles

Leave a Reply

Next Post

ECB promises stimulus buys ‘as long as necessary’

European Central Bank (ECB) President Mario Draghi attends a news conference on the outcome of the meeting of the Governing Council, in Frankfurt, Germany, September 12, 2019. REUTERS/Ralph Orlowski September 12, 2019 By Balazs Koranyi and Francesco Canepa FRANKFURT (Reuters) – The European Central Bank promised an indefinite supply of […]