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yesterday

Trump Weighs Privatizing Fannie Mae and Freddie Mac in Potential Policy Shift

The president signals serious consideration of taking the mortgage giants public, consulting top officials as speculation grows over ties to Project 2025.

A man walks through a plaza at the new Fannie Mae headquarters in Washington, U.S., October 4, 2022. REUTERS/Kevin Lamarque/File Photo
President Donald Trump gestures as he departs after hosting the 2025 NCAA Champion, University of Florida men's basketball team
President Trump attempted to privatize mortgage giants Fannie Mae and Freddie Mac during his first administration, but the effort did not succeed.
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Overview

  • President Donald Trump announced he is giving 'very serious consideration' to taking Fannie Mae and Freddie Mac public, with a decision expected soon.
  • Trump plans to consult Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick, and FHFA Director William Pulte before finalizing his decision.
  • Fannie Mae and Freddie Mac, under federal conservatorship since the 2008 financial crisis, are currently performing well financially, according to Trump.
  • Observers note potential alignment with Project 2025, a conservative policy blueprint advocating the privatization of the entities, though Trump denies direct links.
  • Treasury Secretary Bessent has emphasized that any release from conservatorship must carefully consider potential impacts on mortgage rates and market stability.