Latest news with #mortgagegiants
Bloomberg
28-05-2025
- Business
- Bloomberg
Trump Says Fannie Mae to Keep US Guarantee as Public Firm
President Donald Trump says that the government would retain guarantees and an oversight role over Fannie Mae and Freddie Mac even as he pursues a public offering for the mortgage giants. 'I am working on TAKING THESE AMAZING COMPANIES PUBLIC, but I want to be clear, the US Government will keep its implicit GUARANTEES, and I will stay strong in my position on overseeing them as President,' Trump wrote Tuesday night in a post on his Truth Social platform.
Bloomberg
27-05-2025
- Business
- Bloomberg
Trump Says Fannie, Freddie to Keep US Guarantees as Public Firms
President Donald Trump said the government would retain guarantees and an oversight role over Fannie Mae and Freddie Mac even as he pursues a public offering for the mortgage giants. 'I am working on TAKING THESE AMAZING COMPANIES PUBLIC, but I want to be clear, the US Government will keep its implicit GUARANTEES, and I will stay strong in my position on overseeing them as President,' Trump wrote Tuesday night in a post on his Truth Social platform.
Times
22-05-2025
- Business
- Times
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
