Pursuits
Fannie and Freddie Should Exit Government Grip, Mnuchin Says
- Treasury nominee says companies have displaced private lending
- Housing-finance reform will get done quickly, he says
What Does Steve Mnuchin Bring to U.S. Treasury?
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Steven Mnuchin, president-elect Donald Trump’s nominee to be U.S. Treasury Secretary, said Fannie Mae and Freddie Mac should leave government control and that the incoming administration “will get it done reasonably fast.”
The comments, which came in an interview on Fox Business, sent shares of the mortgage-finance giants soaring Wednesday. Fannie Mae and Freddie Mac each jumped 46 percent, the most since March 2013.