Watt: GSE’s “May Have To Retain Billions Of Dollars In Profits”
May 11, 2017 at 00:45 AM EDT
Fannie Mae and Freddie Mac may have to retain billions of dollars in profits rather than turn them over to the U.S. Treasury. Melvin Watt, the supervisor for Fannie and Freddie, said such a move would be aimed at soothing investor jitters.
