[Washington 9th Reuters]-US Treasury Secretary Mnushin received parliamentary support for the proposed reform of the Federal Housing Mortgage Safe (Fanny Mae) and the Federal Housing Mortgage Loan Corporation (Freddie Mac) on the 9th If not, the government revealed its idea of implementing reforms on its own.
During the 2008 financial crisis, the Ministry of Finance is in discussions with the supervisory Federal Housing Finance Authority (FHFA) over the two companies that were rescued by public funds and placed under government control. Mnushin explained in a Fox Business Network interview that the Treasury wanted to close an agreement that would allow both companies to retain their profits internally.
“The government management period of both companies is too long and we want to ensure a mechanism that is not permanently managed. Our primary choice would be to collaborate in a parliamentary and bipartisan way. If you can't, there is no sense of incongruity in moving forward on the government side. "
The Treasury said on the 5th that the government should compile a plan to start capital expansion for Fannie Mae and Freddie Mac, and Congress also called for a move to comprehensive housing finance reform.
