THE NEXT NEWS NETWORK - MNUCHIN EYES PLAN TO CUT “FREDDIE AND FANNIE” OFF OF THE FEDERAL GOVERNMENT

Jude Mon 05 Dec 2016, 22:49

Published on Dec 5, 2016
Sub for more: http://nnn.is/the_new_media | The Conservative Tribune reports, Two of the biggest companies in the mortgage business — Fannie Mae and Freddie Mac — are currently under the thumb of the federal government, but President-elect Donald Trump’s new treasury secretary, Steven Mnuchin, wants to change that. On Wednesday, Mnuchin appeared on Fox Business Network and discussed, among other things, his desire to privatize the two firms that were in embroiled in the late 2000s’ subprime mortgage crisis and to date own around 60 percent of all home loans in the U.S.

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