With a deadline looming that would drop the capital buffer to zero for Fannie Mae and Freddie Mac, federal regulators announced they reached agreement on a plan that would allow the government-sponsored enterprises to retain capital.
“Treasury’s first duty is to ensure that taxpayers are being protected,” Treasury Secretary Steven T. Mnuchin said in a press release.
What does the plan mean for Fannie and Freddie, and what could happen which would cancel it? Read on for the details.
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