WASHINGTON - The Trump administration’s blueprint for reforming the U.S. housing system is expected to be unveiled in the coming days, according to Washington analysts, marking a key step toward overhauling mortgage giants Fannie Mae and Freddie Mac.
In March, the Trump administration said it would devise a new plan to free the mortgage companies from U.S. government control, which Reuters reported in July would come by this month. He said the report and the hearing were, among other expected moves, “meaningful mile markers in the road to ending” Fannie and Freddie conservatorships.The Treasury holds warrants representing 80% of Fannie and Freddie’s common stock, as well as senior preferred stock. Under the current terms of the preferred stock agreement, Treasury is guaranteed a 10% dividend and sweeps the firms’ quarterly net profits into its coffers.
This should be very interesting to find out how all the rich people are going to make out and all of the average American people are going to pay for it?
Good. They've both paid back their bailouts and then some.
$fnma and $fmcc have repaid Govt at 10% rate of return. Time to return these corporations to the shareholders.
Another step into America’s decline.
Anything this corrupt administration does can NOT be good!!!
Mnuchin approaches podium, clears throat, begins, off key: 'Fannie and Freddie were sweethearts. Oh, Lord, how they did love...'
Whatever these clowns do. Expect the middle-class and poor to suffer. That's just what the lizards do.RESIST THE MADNESS !!!
Democrats in 3.... 2.... 1.... RACIST!
Oh no, good thing to get conventional loan, munchkin pumping, When do I get my refund for all paid in student loan I kicked sallie May and Navient out
America is taking the piss with these names.
Take em private!
How about Sallie?
God help us all. They're tinkering with the engine.