US housing agency rehires sacked Fannie and Freddie staff ahead of IPO
Almost a third of the mortgage giants’ workforce was cut as part of Trump’s purge of the federal government
Almost a third of the mortgage giants’ workforce was cut as part of Trump’s purge of the federal government

Increased buying of mortgage securities by Freddie Mac and Fannie Mae marks a return to a risky business model

Fannie Mae and Freddie Mac to carry out purchases

Over the next few years, it will be the most politicised business sector in America

Dismissals will target staff deemed redundant or out of sync with Trump’s agenda

Gap between long-term and short-term borrowing costs is close to its widest for three years

Proposal highlights Trump administration’s push to deregulate financial industry