March 2, 2021

Day: January 15, 2021

WASHINGTON—The Treasury Department has decided not to restructure the taxpayers’ stake in Fannie Mae and Freddie Mac , effectively ending the Trump administration’s push to ensure that the mortgage giants are eventually returned to private hands.

The announcement by the Treasury Department and the companies’ federal regulator leaves it to the incoming Biden administration to decide the future of the firms, which were put under government control during the 2008-09 financial crisis through a process known as conservatorship.

Advisers close to President-elect Joe Biden have said he would be in no hurry to privatize the companies, which guarantee roughly half

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