Financial news

SE: Mnuchin Dims Investor Hopes on Fannie Mae and Freddie Mac

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Bloomberg Markets & Finance via Youtube

Jun.10 — Treasury Secretary Steven Mnuchin made clear that freeing Fannie Mae and Freddie Mac from U.S. control won’t happen without an overhaul of the nation’s housing finance system, potentially dashing investors’ hopes that they might soon make a windfall from their stakes in the mortgage giants. Bloomberg’s Jesse Westbrook has more on “Bloomberg Markets.”

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