Trump signs memo directing federal agencies to propose reforms for Fannie Mae and Freddie Mac, including goals to end the conservatorship of the two enterprises
WASHINGTON - President Donald Trump signed a memorandum on Wednesday directing federal agencies to develop a plan to overhaul the U.S. housing finance system, the White House said.
The memorandum could add momentum to the administration’s efforts to overhaul the two mortgage guarantors, which it has said is a top priority. The government-sponsored enterprises have remained under conservatorship since 2008, when they faced collapse during the subprime mortgage crisis. Under conservatorship, the enterprises have paid the Treasury $292 billion in dividends after receiving $191 billion in government support, according to research from Keefe, Bruyette & Woods.
As a nominee, Calabria told lawmakers he would follow Congress’ intent in overseeing the entities, and said he wanted to preserve the 30-year fixed-rate mortgage, after questioning the need for it in the past.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
DeMarco says Senate hearing was ‘constructive’ step toward taking Fannie Mae, Freddie Mac out of conservatorshipThe former head of Fannie Mae’s and Freddie Mac’s chief regulator said a Senate hearing was a “constructive” step in moving toward taking the mortgage giants outside of government conservatorship.
Read more »
Former Trump confidante to cooperate with House Democratic probe into TrumpHope Hicks, the former White House communications director and long-time confidante of President Donald Trump, plans to turn over documents to the House Judiciary Committee as part of its investigation into potential obstruction of justice.
Read more »
In Washington, Brazil's New President Bolsonaro Meets His DoppelgangerIn Washington, Brazil's new president Jair Bolsonaro meets his doppelganger
Read more »
Analysis | Ex-Trump aide details president’s alleged effort to cover up the Trump Tower meetingMark Corallo alleges that then-communications staffer Hope Hicks lied to special counsel Robert Mueller about it.
Read more »
Ex-Trump aide on prison: 'I had street cred' in 'Trump country'In his first ever interview on MSNBC, George Papadopoulos opens up to MSNBC Chief Legal Correspondent Ari Melber about the Mueller probe, days after it ended. They got into why Papadopoulos stands by his guilty plea, how he was downplaying his contacts with Russia to “distance himself” from “stupid activities” and why he would be “honoured” to receive a pardon from Trump. Papadopoulos also describes his experience in prison after being sentenced in the Mueller probe, noting he had “street cred” because the prison was in “Trump country”
Read more »
Trump 'likes to hurt people' and is 'almost sociopathic,' says Ex-Trump casino executiveJack O’Donnell, Trump Plaza Hotel & Casino's former president and chief operating officer, said there's a 'mean streak' that runs through Trump, which he gets a 'great deal of satisfaction' out of.
Read more »
Trump blames Fed for sub-4 percent growth; economists blame TrumpPresident Trump says the GDP would have hit 4 percent had the Federal Reserve stopped raising interest rates sooner.
Read more »
Trump Has Slapped His Brand On Images Of The White House To Sell At His Trump StorePresident Donald Trump has emblazoned the 'Trump' brand name on images of theWhite House to sell in his Trump Store and at the Trump International Hotel inthe capital
Read more »
In speech at Trump hotel, Gillibrand calls Trump a coward
Read more »