
President Trump said this week he may take Fannie Mae and Freddie Mac public, winding down 17 years of federal control over two central parts of the U.S. housing market — a move that was cheered on by Trump ally and noted Wall Street investor Bill Ackman.
Ending the conservatorship of Fannie and Freddie — which guarantee trillions of dollars worth of mortgages — would be complicated, and critics say it's risky. A plan to do so in Mr. Trump's first term did not come to pass. But the president says he'll decide "in the near future" whether to try...
Continue reading...Ending the conservatorship of Fannie and Freddie — which guarantee trillions of dollars worth of mortgages — would be complicated, and critics say it's risky. A plan to do so in Mr. Trump's first term did not come to pass. But the president says he'll decide "in the near future" whether to try...