ATLANTA (Reuters) - It could take four to five years to raise the capital needed to privatize mortgage giant Freddie Mac using a combination of retained earnings and a public offering of stock, Freddie
FILE PHOTO - U.S. President Donald Trump delivers remarks on immigration reform in the Rose Garden of the White House in Washington, U.S., May 16, 2019. REUTERS/Carlos Barria WASHINGTON (Reuters) - U.S.
President Trump said freeing Fannie Mae and Freddie Mac from government control is a “pretty urgent problem” that his administration plans to work with Congress to address. Trump, speaking Friday at a
An increasing number of loans are going to borrowers with debt-to-income ratios of 43% or higher, even as policy makers weigh changes The gatekeepers of the American mortgage market are increasingly backing
When Craig S. Phillips, a veteran Wall Street mortgage trader, agreed to join the Treasury Department as a top aide to Secretary Steven Mnuchin in 2017, his mandate was to overhaul the way that American
Craig Phillips, the counselor to the Treasury secretary who was spearheading the Trump administration's move to overhaul the nation's mortgage-financing system, is leaving his position next month, the
A top Treasury official signaled on Thursday that Fannie Mae and Freddie Mac’s affordable housing goals are not a top priority for the Trump administration as it moves to overhaul the nation's housing