Fannie Mae-No Politics (FNMA)

[GVInvestments]

Great News.The report said Treasury intended to end the sweep so Fannie and Freddie could retain earnings in an effort to build up the companies’ currently limited capital buffers.

Mnuchin told Fox Business Monday that administration is set to act as early as September to suspend the sweep.

“We expect a near-term agreement to retain their earnings” in September or shortly after, he said.