Friday, September 06, 2019 11:38:46 AM
Financial Times
Kiran Stacey in Washington
Financial TimesSeptember 6, 2019
The US Treasury secretary has called for the immediate recapitalisation of Fannie Mae and Freddie Mac, the two institutions which guarantee most US mortgages, in what the Trump administration pitched as a first step to free them from public control. Thursday’s push by Steven Mnuchin comes more than a decade after the two groups were bailed out at the height of the financial crisis, nationalising the giant government-sponsored companies whose role is to expand US home ownership. Mr Mnuchin said his plan would not imperil the 30-year fixed-rate mortgage, the wide availability of which has been made possible by the government guarantees offered by Fannie and Freddie.
North Bay Resources Announces Mt. Vernon Gold Mine Startup, Sierra County, California • NBRI • Aug 5, 2024 9:00 AM
Fifty 1 Labs, Inc. and All-In-Extracts Announce Joint Venture to Develop and Release New Testosterone Boosting Supplement • BLEG • Aug 5, 2024 8:30 AM
Kona Gold Beverages, Inc. Announces Strategic Initiatives and Corporate Direction Changes • KGKG • Aug 2, 2024 2:00 PM
POET and Luxshare Tech Expand Product Offerings for Artificial Intelligence Networks • POET • Aug 1, 2024 9:28 AM
Management Discusses Financial Filings of Global Arena Holding Inc., for 10-K 2023 and 10-Q, 1st Quarter 2024 • GAHC • Aug 1, 2024 9:14 AM
VAYK Announces LOI to Acquire $1 Million Home Service Company to Support Airbnb Business • VAYK • Aug 1, 2024 9:00 AM