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Friday, May 17, 2019 3:31:21 PM
REUTERS 12:25 PM ET 5/17/2019
QUOTES AS OF 03:28:48 PM ET 05/17/2019
WASHINGTON, May 17 (Reuters) - U.S. President Donald Trump said on Friday his administration was looking at alternatives to the conservatorship of mortgage giants Fannie Mae(FNMA) and Freddie Mac(FMCC).
"Fannie and Freddie can do a lot better than they're doing. ... And that's why I recently directed the Department of Treasury and HUD (Housing and Urban Development) ... to develop a framework for a modern housing finance system," he told a gathering of real estate agents in Washington.
(Reporting by Roberta Rampton; Writing by Doina Chiacu; Editing by David Alexander)
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