Mnuchin says no to ‘recap and release’ plan for Fannie Mae, Freddie Mac

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Mnuchin Opposes Recap and Release of Fannie and Freddie Filed in Capitol Hill , Housing Finance by NAHB Now on January 24, 2017 0 Comments Steven Mnuchin, President Trump’s pick to be Treasury secretary, said that he opposed "recap and release" for Freddie Mac during his Senate confirmation hearing on Jan. 19.

Mnuchin says no to ‘recap and release’ plan for Fannie Mae, Freddie Mac. The acting head of the Federal Housing Finance Agency has promised substantial changes for Fannie Mae and Freddie Mac, but the exact mechanics and timeline of an administration plan are still a mystery.

FHFA asks Congress for power to charter Fannie, Freddie competitors Prepays rise on the combination of lower rates, seasonality: KBW Mnuchin says no to ‘recap and release’ plan for Fannie Mae, Freddie Mac

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NEW YORK/WASHINGTON (Reuters) – U.S. President-elect Trump’s nominee for Treasury Secretary, Steven Mnuchin, on Wednesday waded into the long-running battle over the future control of Fannie Mae and.

The Federal Housing Finance Agency has appeared willing to take its own steps to reform Fannie Mae and Freddie Mac, but legislation would be necessary to create an explicit guarantee of the mortgage system. gse. Mnuchin says no to ‘recap and release’ plan for Fannie Mae, Freddie Mac

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American Banker Reports: Mnuchin says no to ‘recap and release’ plan for Fannie Mae, Freddie Mac. optimal blue. WEEKLY MARKET UPDATES COMMENTARY FROM THE DENVER DESK. June 18th, www.optimalblue.co

And Washington-watchers say it’s all for naught. There will be no Gucci Gulch — no late-night pizzas and back-and-forth until compromise is painstakingly reached – attending the attempts to release.

Here’s what Mnuchin had to say about a few other closely watched issues facing the Treasury: After recently voicing support for ending government control of Fannie Mae (FNMA) and Freddie Mac (FMCC.

This is where it looks like things are headed, but no major changes have been made yet since the new FHFA director started early January. Fannie Mae and Freddie Mac are companies for which the.

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At the Senate finance committee hearing for his confirmation to be secretary of the Treasury Department, Steven Mnuchin answers questions about Fannie Mae and Freddie Mac and his position on.