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Trump asks agencies for plan to overhaul Fannie and Freddie

By Joseph Lawler
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Trump asks agencies for plan to overhaul Fannie and Freddie

President Trump asked his administration Wednesday to come up with a plan for overhauling the bailed-out mortgage giants Fannie Mae and Freddie Mac.

Trump signed a memorandum requiring the Treasury and the Department of Housing and Urban Development to present him with plans to overhaul the housing finance system “as soon as practicable.”

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Department of Housing and Urban Development Fannie Mae and Freddie Mac Finance Housing Treasury Department