38 minutes ago WASHINGTON (Reuters) - The U.S. Treasury Department is close to finalizing a plan to buttress mortgage finance companies Fannie Mae (FNM.N) and Freddie Mac (FRE.N), the Wall Street Journal reported on Friday.Citing people familiar with the matter, the Journal said the plan was expected to involve a creative use of authority the Treasury won in late July to pump capital into the two government-sponsored enterprises if it believed it was necessary.
The report said the plan, which could be announced as early as this weekend, includes changes to senior management at both companies.
Read More
