Trump to Seek Overhaul of the Housing Finance System

WASHINGTON President Trump directed his administration to begin preparing plans to overtake Fannie Mae and Freddie Mac to reduce government footprint in home finance.

Herr. Trump directed the Treasury Department and the Department of Housing and Urban Development to develop a plan to "promote the housing finance market and create a system that encourages sustainable ownership and protects taxpayers against bailouts", the management said in a statement released on Wednesday. Wednesday.

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