Trump Administration Eyes Move to Privatize Fannie, Freddie, WSJ Says [View all]
Source: Bloomberg
March 23, 2025 at 1:27 PM EDT
The Trump administration is considering an executive order on housing that may push for the privatization of home loan giants Fannie Mae and Freddie Mac, the Wall Street Journal reported, citing a person familiar with the matter.
Federal Housing Finance Agency Director Bill Pulte and Treasury Secretary Scott Bessent said privatization efforts would need to consider mortgage rate impacts, WSJ noted. The potential directive could task federal departments with exploring this initiative.
The White House said in a statement to the Journal that industry leaders “have responded to President Trump’s America First economic agenda of tariffs, deregulation, and the unleashing of American energy with trillions in investment commitments that will create thousands of new jobs.”
Speculation has grown about the fate of the so-called government-sponsored enterprises in recent days.
Read more: https://www.bloomberg.com/news/articles/2025-03-23/trump-admin-eyed-move-to-privatize-fannie-freddie-wsj-says
I thought they already WERE pretty much "privatized" (and monitored by the government).
But wait... let me check and... why lookee here for example - https://www.fanniemae.com/about-us/who-we-are/history
In the 1968 Housing and Urban Development Act, Fannie Mae became a private shareholder-owned corporation chartered by the U.S. Congress. After being removed from the federal budget, Fannie Mae funded its operations through stock and bond markets.
And Freddie Mac got crushed in the Shrub 2008 economic meltdown and had to go under U.S. receivership, and eventually both Fannie Mae and Freddie Mac came under government control and were delisted from the stock market in 2010 thanks to the GOP philosophy of corporate mishandling of money - Fannie Mae, Freddie Mac to delist shares on NYSE
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