President Donald Trump has raised the possibility of ending the federal conservatorships on Fannie Mae (OTCQB: FNMA) and Freddie Mac (OTCQB: FMCC).
In a statement on his Truth Social platform, Trump announced: “I am giving very serious consideration to bringing Fannie Mae and Freddie Mac public. I will be speaking with Treasury Secretary Scott Bessent, Secretary of Commerce Howard Lutnick, and the Director of the Federal Housing Finance Agency, William Pulte, among others, and will be making a decision in the near future. Fannie Mae and Freddie Mac are doing very well, throwing off a lot of CASH, and the time would seem to be right. Stay tuned!”
Fannie Mae and Freddie Mac were put in federal conservatorship in September 2008. Since then, multiple proposals for ending the conservatorships were raised, but none ever found wide support within the political and financial sectors.
Photo: Gage Skidmore / Flickr Creative Commons
Where is the rest of the story. This only gives a partial glimpse of it what happened to journalism?
President Trump…..do what ever you will…you have the Midas touch…hope you will touch Real Estate in a way to get those interest rates down below 3 % so the everyday people can afford the payment on a home. And Lower the down payment so they can afford to buy one. DO YOUR THING!!! God bless you sir from the state of Arizona.
Home prices are too high still work on lowering prices
Home prices go higher when new development is restricted by government and communities. More product on the market will make housing more affordable
Fannie Mae and Freddie Mac need to go away.
Too many changes and regulations with these organizations. Do away with these organizations and you get rid of regulations that are slowing the industry down;.
The one thing people asking for lower mortgage interest rates never mention is how it affects people who depend on those interest rates for their living, retirees, widows, etc.
Everyone talks about interest rates below 3% for affordability and obviously they don’t know what they’re talking about. If interest rates go down to that mark property prices skyrocket up and everything else that goes with it like, insurance, taxes maintenance of the home, etc. What we need is people to stop spending so much and save money and learn to manage their money better so they afford a home within their means and be happy.
No one loves government or forced structure. But Fannie and Freddie provide the US with the 30 year fixed mortgage. No other country has this. Right – NO other country. U-S-A! We don’t know how good we’ve got it. Additionally, FHA has made billions for the federal govt and allowed first time buyers to buy. That’s right – made billions for the government. Thank you HUD! Of course, the VA has insured loans for veterans. And veterans deserve that little bump for risking their lives and sacrificing for our freedom. Bottom line: Thank you, Fannie, Freddie, HUD and VA! You’ve made homeownership possible for millions. To everyone else that’s whining and saying tear down everything, know what you’re taking about first. 🙂
Freddy and fannie are the best for our country, although they need to be independent from the government.
being a veteran i purchased my home through the VA with a 2.9 interest rate.thank you VA for supporting all veteran.