Released: September 07, 2019

U.S. Treasury unveils plan to privatize Fannie Mae, Freddie Mac

Source: Marcy Gordon, Associated Press (Washington Post) (Paid Registration)

The Trump administration has unveiled its plan for ending government control of Fannie Mae and Freddie Mac, the two giant mortgage finance companies that nearly collapsed in the financial crisis 11 years ago and were bailed out at a total cost to taxpayers of $187 billion.

The administration’s plan calls for returning Fannie and Freddie to private ownership and reducing risk to taxpayers.

Read Full Article: U.S. Treasury unveils plan to privatize Fannie Mae, Freddie Mac