Fannie-Freddie Overhaul Is 'Very Important' Goal, Mnuchin Says
- Treasury secretary says talks ongoing with Congress and FHFA
- Housing reform won’t be focus in first half of year, he says
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Treasury Secretary Steven Mnuchin said overhauling the mortgage-finance system is “very important” to President Donald Trump’s administration and that officials are working with congressional leaders and other regulators to figure out what to do with mortgage-finance giants Fannie Mae and Freddie Mac.
“We are committed to working with the House and the Senate on having a reform package that makes sure that we promote necessary liquidity in the housing markets,” Mnuchin said Friday during a briefing with reporters at the White House. The overhaul is not a focus in the first half of this year, he said.