President Donald Trump said Wednesday he is giving "very serious consideration" to taking Fannie Mae and Freddie Mac public, according to Bloomberg. The two mortgage giants have been under government conservatorship since the 2008 financial crisis, more than 15 years ago. In a post on Truth Social, Trump said Fannie Mae and Freddie Mac are performing well and suggested the timing may be right to take them public. He plans to consult with Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick, and FHFA Director Bill Pulte before deciding. Trump’s move could address deficit concerns raised by House conservatives holding up his tax bill. Critics warn that reducing government guarantees for Fannie and Freddie could raise mortgage rates by making investors more cautious and demanding higher yields.
Category
🗞
NewsTranscript
00:00It's Benzinga bringing Wall Street to Main Street.
00:02President Donald Trump said Wednesday is giving very serious consideration
00:05taking Fannie Mae and Freddie Mac public, according to Bloomberg.
00:08The two mortgage giants have been under government and conservatorship
00:11since the 2008 financial crisis, more than 15 years ago.
00:15In a post on True Social, Trump said Fannie Mae and Freddie Mac are performing well,
00:19suggesting the timing may be right to take them public.
00:22Plans to consult with Treasury Secretary Scott Besson,
00:25Commerce Secretary Howard Lutnick, and FHFA Director Bill Pulte
00:29before making a decision.
00:31Trump's move can address deficit concerns raised by House conservatives
00:34holding up his tax bill.
00:36Critics warn that reducing government guarantees for Fannie and Freddie
00:39could raise mortgage rates by making investors more cautious
00:42and demanding higher yields.
00:44For all things money, visit Benzinga.com slash GSTV.