Treasury Says Housing Finance Reform On The Docket

April 27, 2017

According to MarketWatch, this week Treasury Secretary Steven Mnuchin said that housing finance reform will be addressed after tax reform policies are finalized.

Fannie Mae and Freddie Mac were made wards of the state in 2008, and an amendment to that agreement said that both entities would have to get their capital buffers down to zero by 2018.

As that deadline draws closer, calls to revise the process have grown. If the companies have no capital and experience a quarterly loss, they’d have to ask Treasury for funds just to keep doing business.

Read more


Related Categories