The U.S. Treasury Department is expected to announce an overhaul of Fannie Mae and Freddie Mac next week that will call for a significant reduction of their share of the U.S. mortgage market, CNBC has learned.
Sources tell CNBC that major elements of the Treasury plan include a call for an increase in the cost of government-backed mortgage insurance, essentially a hike in the fees charged to borrowers. Treasury is also expected to endorse a reduction of the government's share of the mortgage market, to less than 50 percent from the current 95 percent.
From: http://ping.fm/T4qqX
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