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Enterprise Information Roundup, Dec. 22

Mortgages

Fannie, Freddie to get a break

Fannie Mae and Freddie Mac, the government-controlled mortgage finance giants rescued through the monetary disaster, reached a cope with the Treasury Division Thursday permitting them to maintain a few of their income as they brace for losses that shall be activated by the tax invoice quickly to be signed by President Trump.

Every firm shall be allowed to retain $three billion from its earnings to function a capital cushion in opposition to future losses, together with a decline within the worth of tax-deferred property.

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