Fannie, Freddie may write down $21 billion due to U.S. tax cut: BMO

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NEW YORK (Reuters) – U.S. mortgage finance giants Fannie Mae and Freddie Mac may write down $21 billion of tax-related assets if there is a deep cut in the federal corporate tax rate as promised by President Donald Trump, according to an analyst at BMO Capital Markets on Friday.

Source:: Fannie, Freddie may write down $21 billion due to U.S. tax cut: BMO

      

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