In a recent post on Truth Social, Trump outlined his plans to take the mortgage giants Fannie Mae and Freddie Mac public, asserting their critical role in American home ownership. He emphasized that despite the transition, the implicit guarantees by the U.S. government will remain. However, Trump did not provide specific details regarding a timeline or the process for ending their conservatorship, which has lasted for 16 years. The complexities of this transition, particularly regarding mortgage rates, were noted by Treasury Secretary Scott Bessent as potential challenges.
Trump stated, 'Our great Mortgage Agencies, Fannie Mae and Freddie Mac, provide a vital service to our Nation by helping hardworking Americans reach the American Dream Home Ownership.' He emphasized his intent to take these agencies public while ensuring the government retains its implicit guarantees.
Trump's announcement lacked details on timeline for taking Fannie Mae and Freddie Mac public, raising questions about the complexities involved in exiting conservatorship.
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