Trump ‘seriously considering' taking mortgage giants public
President Trump has floated the possibility of taking Fannie Mae and Freddie Mac public, 17 years after the mortgage giants were placed under government control during the global financial crisis.
Fannie and Freddie play a central role in the US housing market by guaranteeing mortgages and keeping down the cost of loans. The US government took control of them in 2008 as they started suffering heavy losses amid the collapse of the housing market.
Privatising Fannie and Freddie could create a windfall for the US government. The valuation of the privatised entities has been estimated at $330 billion and the government's stake has been valued at $250 billion.
In a post on Truth Social on Wednesday, Trump said he was giving 'very serious consideration' to
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Reuters
32 minutes ago
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Riot police, anti-ICE protesters square off in Los Angeles after raids
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Daily Mail
an hour ago
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The Independent
an hour ago
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Judge paves the way for college athletes to earn millions
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