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Solid Fannie-Freddie earnings are a foundation for mortgage giants’ next act

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Fannie Mae and Freddie Mac, the government-sponsored enterprises that guarantee mortgages to provide liquidity to the housing finance system, both had strong earnings in the fourth quarter of 2018, and the artificial system that requires them to turn over their profits to Treasury may be coming to an end.

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Defund/Repeal FannieMae and FreddieMac. ... Unwind the balance sheet.

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