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Trump admin proposes massive overhaul of FHA, Freddie and Fannie

The Trump administration Thursday released a long-awaited plan to overhaul the way the U.S. government helps homeowners. Separate guidance from the U.S. Department of Housing and Urban Development and the United States Department of the Treasury include major reforms to the Federal Housing Administration (FHA) and an end of government conservatorship for mortgage-backed securities giants Fannie Mae and Freddie Mac.