Treasury Rolls Out Huge Fannie/Freddie Reform Plan

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Posted To: MND NewsWire

The Treasury Department released the Trump Administration’s long-awaited plan for reforming the nation’s housing finance system on Thursday. Treasury says the Plan “includes nearly 50 recommended legislative and administrative reforms to define a limited role for the Federal Government in the housing finance system, enhance taxpayer protections against future bailouts, and promote competition in the housing finance system .” The plan is a response to a March 2019 Presidential Memorandum directing Treasury Secretary Steven T. Mnuchin to develop a framework for administrative and legislative reforms to address what it called the last unfinished business of the financial crisis. The Treasury Department said it met with a wide range of stakeholders including affordable housing advocates; broker…(read more)

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