Trump administration plan to overhaul Fannie Mae and Freddie Mac allows firms to keep more capital
Andrew Harrer | Bloomberg | Getty Images
The objectives of the administration's plan, according to Treasury officials, are to create a limited role for the federal government in the housing finance system, enhance taxpayer protections, and increase the role of private sector competition. Accomplishing all of this will take legislative and administrative action.
While it is up to the Federal Housing Finance Agency, an independent regulator, to decide when to release Fannie Mae and Freddie Mac from conservatorship, the Treasury plan offers a start to the process by suggesting a means to recapitalize the enterprises.
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