Treasury Secretary Mnuchin Details Plans for Fannie, Freddie

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Treasury Secretary Mnuchin Details Plans for Fannie, Freddie
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The Trump administration plans to require Fannie and Freddie to pay fee for support from the Treasury before allowing them to retain their earnings

WASHINGTON—The Trump administration plans to require Fannie Mae and Freddie Mac to begin paying a fee for support from the Treasury Department in exchange for a change to the mortgage-finance companies’ status that will allow them to retain their earnings, Treasury Secretary Steven Mnuchin said Tuesday.

Mr. Mnuchin, testifying before Senate lawmakers, said he hopes to quickly reach a deal with the regulator of Fannie and Freddie, the Federal Housing Finance Agency, to amend the terms of the firms’ government bailout agreements...

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