Will anyone ever fix Fannie Mae and Freddie Mac?
When the two mortgage giants were taken underfederal control a decade ago — the same year Donald Trump kickedoff the first season of Celebrity Apprentice — regulators saw themove as a short timeout.
Last month, Trump's administration effectively acknowledged thatit's no closer to figuring out what to do with Fannie and Freddie.Treasury Secretary Steven Mnuchin said there'll likely be no end tofederal control during this Congress. In the meantime, the duo hasonly become more crucial to America's booming-again housing market, standing behind about$5 trillion of loans.
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