Items Tagged with 'recapitalizing'

ARTICLES

  • Trump Treasury pick Mnuchin opposes recap and release of Fannie Mae, Freddie Mac

    Previously said GSE conservatorship will end
    For the first three hours of the confirmation hearing of Steve Mnuchin, the Trump administration’s choice to lead the Department of the Treasury, nearly all of the housing-related discussion centered on the mortgage servicing and foreclosure practices of OneWest Bank, the bank that Mnuchin formerly chaired. But that changed when Sen. Mark Warner, D-Virginia, began questioning Mnuchin about Fannie Mae and Freddie Mac.
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  • Moody's: Privatizing Fannie Mae, Freddie Mac would cost "hundreds of billions"

    Report predicts disruption to secondary market
    Steve Mnuchin, President-elect Donald Trump’s choice to lead the Department of the Treasury, recently said that “getting Fannie and Freddie out of government ownership” is one of the Trump administration’s top 10 priorities. But just how realistic is that plan? According to a new report from Moody’s Investors Service, privatizing the GSEs is not only unlikely to happen any time soon, it’s also hugely cost-prohibitive, and it would be a negative for bond investors as well. Other than that, Mrs. Lincoln, how was the show?
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  • Trump Treasury pick: Fannie Mae and Freddie Mac will be privatized

    Steve Mnuchin tells Fox Business: "We’ll get it done reasonably fast"
    Making the media rounds after being selected to serve as Treasury secretary by President-elect Donald Trump, Steve Mnuchin dropped a bombshell about the future of Fannie Mae and Freddie Mac. Rather than be wound down, as some advocate for, Mnuchin said the government-sponsored enterprises will be taken out of “government ownership,” restructured, and privatized.
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