Trump: Government Would Retain Fannie Mae, Freddie Mac Guarantees Amid Push to Take Public
- President Donald Trump announced plans in May 2025 to privatize Fannie Mae and Freddie Mac while retaining government guarantees.
- This proposal follows 17 years of government control after the 2008 financial crisis bailout that cost taxpayers $187 billion.
- Fannie Mae and Freddie Mac currently hold about half of all US mortgages and generate significant revenue but could face a complex privatization process.
- Mortgage rates are near 6.5%, and experts warn privatization might raise rates between 0.5% and 1% due to increased investor risk, though Trump pledges to maintain implicit government support.
- The administration’s renewed interest suggests a potential $300 billion government windfall but the plan faces multiagency hurdles and economic concerns about higher housing costs.
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55 Articles
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Trump says US to retain oversight, guarantees in Fannie Mae, Freddie Mac spinoff
U.S. President Donald Trump said on Tuesday that the U.S. government will retain its mortgage guarantees and oversight role for Fannie Mae and Freddie Mac as he works to take the U.S. mortgage finance firms public. "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," Trump said in a post on Tru…
Fannie, Freddie to Keep US Guarantee If Taken Public, Trump Says - Bloomberg Intelligence
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Schumer rips Trump plan to privatize Fannie Mae, Freddie Mac
Senate Democratic Leader Chuck Schumer (N.Y.) on Wednesday ripped President Trump’s plan to give up federal control of Fannie Mae and Freddie Mac as a scheme to “line the pockets of the wealthy” that will likely increase average mortgage costs. Schumer warned the average family could be hit with an $1,800 to $2,800 increase in annual mortgage costs. “Trump’s housing proposal to privatize Fannie and Freddie is yet another economic policy that wil…
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