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Mnuchin Dashes Investors’ Hopes of Quick Fannie-Freddie Windfall

  • Treasury nominee said he hadn’t endorsed sale of U.S. stakes
  • Bipartisan solution needed for housing finance, Mnuchin said
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Is Dodd-Frank Repeal on the 100-Day Trump Agenda?

Steven Mnuchin, Donald Trump’s nominee for Treasury secretary, dashed some investors’ hopes for a rapid windfall on investments in mortgage-finance giants Fannie Mae and Freddie Mac under the new administration.

Mnuchin said comments he made last year on Fannie and Freddie weren’t meant to endorse a view the government should quickly recapitalize the companies and then sell its stakes.