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Stock impact report

US Treasury Wins Back Key Role in Fannie Mae, Freddie Mac Future [Yahoo! Finance]

Federal Home Loan Mortgage Corporation (FMCC) 
NASDAQ:AMEX Investor Relations: freddiemac.com/investors
Company Research Source: Yahoo! Finance
and Freddie Mac amended the terms of the US Treasury's stake in those entities, giving back the department's right to block any plan to release the pair from government supervision. Most Read from Bloomberg Is This Weird Dome the Future of Watching Sports? NYPD Seeking Gunmen After 10 People Wounded Outside Queens Venue Detroit's Michigan Central Is the Building Revival Story of 2024 Burned Out Parents Need Better Public Spaces A Commuting Resolution for 2025: Ride Your Local Subway or Bus “The agreement restores Treasury's previous right to consent to a release of the GSEs from conservatorship,” the Treasury Department and Federal Housing Finance Agency said Thursday in a joint statement. Fannie and Freddie are known as government-sponsored enterprises, or GSEs. The agreement, the agencies said, was designed to “help ensure that the eventual release of the GSEs from conservatorship will be orderly and to reflect certain existing practices.” The Treasury also committ Show less Read more
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