Fannie and Freddie watchers hope Mnuchin’s testimony at 10 a.m. will yield additional details about the government’s plans to overhaul the mortgage-finance giants
Treasury Secretary Steven Mnuchin is scheduled to testify before the Senate Banking Committee on Tuesday, starting at 10 a.m. EDT, about his department’s efforts to overhaul mortgage-finance giants Fannie Mae and Freddie Mac.
His testimony comes five days after the administration released a report calling for the privatization of the companies, 11 years after the government took them over through a process called conservatorship.
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