Fannie Mae-No Politics (FNMA)

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Trump Treasury May Mean Independence for Fannie and Freddie

Steven Mnuchin, President-elect Donald J. Trump’s nominee to run the Treasury Department, electrified Fannie Mae and Freddie Mac shareholders on Wednesday when he signaled that the mortgage finance giants would finally be allowed to get out from under Washington’s thumb.

“We got to get Fannie and Freddie out of government ownership,” he told Fox Business. “It makes no sense that these are owned by the government and have been controlled by the government for as long as they have.”

Mr. Mnuchin is right. It has been more than eight years since the federal government took over Fannie and Freddie in the mortgage crisis; as such, they are the last big piece of unfinished business from that era....

http://www.nytimes.com/2016/12/02/business/trump-treasury-may-mean-independence-for-fannie-and-freddie.html