Regulator to Press Congress to Act on Mortgage-Finance Revamp

  • 📰 WSJ
  • ⏱ Reading Time:
  • 14 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 63%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Fannie and Freddie’s new regulator wants Congress to move the ball on putting the companies on the road to private ownership

WASHINGTON—Mark Calabria has a message for Congress: Help the Trump administration overhaul mortgage-finance companies Fannie Mae and Freddie Mac, or he will do what he can on his own.

The two companies, critical to half the nation’s mortgages, have been under government control since the 2008 financial crisis. For over a decade, policy makers have tried and failed to return them to the private sector and scale back the government’s role in housing.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 98. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

What could go wrong?

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines