Trump says looking at alternatives to Fannie Mae, Freddie Mac

[May 18, 2019]    WASHINGTON (Reuters) - U.S. President Donald Trump said on Friday his administration was looking at alternatives to the conservatorship of mortgage giants Fannie Mae and Freddie Mac.

President Donald Trump delivers remarks on immigration reform in the Rose Garden of the White House in Washington, U.S., May 16, 2019. REUTERS/Carlos Barria

"Fannie and Freddie can do a lot better than they're doing. ... And that's why I recently directed the Department of Treasury and HUD (Housing and Urban Development) ... to develop a framework for a modern housing finance system," he told a gathering of real estate agents in Washington.

(Reporting by Roberta Rampton; Writing by Doina Chiacu; Editing by David Alexander)

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