September 12, 2019 / 1:23 PM / a month ago

U.S. Treasury eyes action on Fannie Mae, Freddie Mac by month's end: Mnuchin

FILE PHOTO: U.S. Treasury Secretary Steven Mnuchin walks to a working breakfast at the G7 Summit in Biarritz, France, August 25, 2019. Erin Schaff/Pool via REUTERS

WASHINGTON (Reuters) - U.S. housing regulators and the Treasury Department were actively negotiating a profit sweep of mortgage giants Fannie Mae and Freddie Mac, U.S. Treasury Secretary Steven Mnuchin said on Thursday.

“That’s something that the FHFA (Federal Housing Finance Agency) and we are working on. We are actively negotiating an amendment, and I think our objective is to try to get it done by the end of the month,” Mnuchin told CNBC in an interview.

Reporting by Susan Heavey; Editing by Andrew Heavens

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