HousingWireHousingWire
President Trump last week promised a quick answer on whether to remove Fannie Mae and Freddie Mac from government conservatorship. And it appears he’s already reached a decision: it’s time to take them ‘public.’
In a post published on Truth Social Tuesday night, Trump wrote:
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. I am working on TAKING THESE AMAZING COMPANIES PUBLIC, but I want to be clear, the U.S. Government will keep its implicit GUARANTEES, and I will stay strong in my position on overseeing them as President. These Agencies are now doing very well, and will help us to, MAKE AMERICA GREAT AGAIN!
Trump didn’t offer specific detail on a timeline or what an exit from conservatorship would look like.
The implicit guarantee is among the more complicated issues to be resolved for Fannie Mae and Freddie Mac to be removed from the government conservatorship it entered into 16 years ago.
Treasury Secretary Scott Bessent previously said a Fannie and Freddie exit would depend on the implications for mortgage rates.
