Fannie Mae and Freddie Mac suspended in final days of Trump administration

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Fannie Mae and Freddie Mac suspended in final days of Trump administration

On Tuesday the Treasury Department said that it had suspended decisions to lower the government's stake in housing giants Fannie Mae and Freddie Mac that were announced in the final days of the Trump administration.

Those changes would have allowed the pair to continue to retain profits with an eye toward eventually exiting government control. The Treasury said the Federal Housing Finance Agency, which regulates the pair, is reviewing such changes and consulting with Treasury on future revisions.