Today news

Yahoo

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.

Reuters.com

U.S. President Donald Trump will order the Treasury on Friday to find and reduce tax burdens and review post-financial crisis reforms that banks and insurance companies have said hinder their ability to do business.

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Could this be a beginning of a potential move up for FNMA and FMCC?