WASHINGTON—Treasury Secretary Steven Mnuchin said he does not want taxpayers paying for any future bailout of Fannie Mae and Freddie Mac.
Mnuchin made the statement during an open interview meeting conducted by The Hill.
During the meeting, Mnuchin discussed the state of housing finance reform, including Fannie Mae and Freddie Mac, the economy, trade issues and tax reform.
During the interview, Mnuchin said he would like to see taxpayers off the hook for any future potential bailout of the two government-sponsored enterprises. However, he doesn't want the Department of Housing and Urban Development (HUD) to take on all the NAFCU.
Carrie Hunt, NAFCU's executive vice president of government affairs and general counsel, attended the event.
In December, Treasury and the Federal Housing Finance Agency (FHFA) announced a deal to allow the GSEs to reinstate $3 billion in their capital reserves.
Freddie Mac and Fannie Mae have been under the FHFA's conservatorship since 2008.