President Joe Biden plans to extend bans on home evictions and foreclosures imposed last year to mitigate the dual economic and health crises spurred by.
Biden Nominates Two Picks for Important Financial Positions mortgagenewsdaily.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mortgagenewsdaily.com Daily Mail and Mail on Sunday newspapers.
Trump Team’s Final Act on Fannie-Freddie Leaves Fates to Biden Last minute revisions by the Trump administration would modify the contracts that govern taxpayers’ backstopping of the GSAs. Bloomberg | Jan 13, 2021
(Bloomberg) The Trump administration is poised to unveil last-minute changes to Fannie Mae and Freddie Mac that would allow the mortgage giants to retain significantly more capital, while leaving many of the thorniest issues on releasing the companies from federal control to President-elect Joe Biden, said four people familiar with the matter.
The revisions expected to be announced as soon as Thursday would modify the contracts that govern taxpayers’ backstopping of Fannie and Freddie. They fall far short of freeing the companies from their government conservatorships, something Treasury Secretary Steven Mnuchin vowed to accomplish after President Donald Trump’s 2016 election win.