Fannie, Freddie Hit a 5-Year High on Plan for ‘Eventual Release’
- Treasury has right to consent, seek public comment on GSE plan
- Preferred shares jumped in November after Trump’s win
The US Treasury Department in Washington, DC.
Photographer: Al Drago/BloombergThis article is for subscribers only.
The agencies that control mortgage giants Fannie Mae and Freddie Mac set out a roadmap for releasing the pair from government supervision, sending the entities’ common stock to the highest levels since 2019.
The new guidelines released Thursday reinstate the US Treasury’s power to approve any such plan in a bid to keep the process “orderly.”