Banking Law News

Fannie-Freddie Investors Hopeful as Senate Eyes Treasury Plan

Sept. 10, 2019, 8:00 AM

President Donald Trump’s point men on housing finance will take to Capitol Hill on Tuesday looking to sell lawmakers on their plan for freeing Fannie Mae and Freddie Mac.

But with legislation unlikely to get through a divided Congress, the hearing’s top takeaway may be what it reveals about steps the officials will take on their own to end government control of the mortgage giants after more than a decade.

The Senate Banking Committee will hear from Treasury Secretary Steven Mnuchin, Federal Housing Finance Agency Director Mark Calabria and Housing and Urban Development Secretary Ben Carson less than...

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