US Treasury Suspends Changes to Fannie Mae, Freddie Mac Share Agreements

US Treasury Suspends Changes to Fannie Mae, Freddie Mac Share Agreements
The U.S. Department of the Treasury is seen in Washington on Aug. 30, 2020. Andrew Kelly/Reuters
Reuters
Updated:

WASHINGTON—The U.S. Treasury Department said on Tuesday it had suspended changes to the government’s stake in housing giants Fannie Mae and Freddie Mac imposed in the final days of the Trump administration.

Those changes are aimed at lifting curbs on the agencies’ ability to back certain types of mortgages, including on second homes, multifamily homes and homes bought with higher risk loans, after the Trump administration directed the pair to shrink their footprint in the housing market.