Former President Donald Trump is considering a plan to take Fannie Mae and Freddie Mac public. These two companies play a huge role in the housing market by backing most home loans in the U.S. They were taken over by the government during the 2008 financial crisis to prevent them from collapsing.
Bill Ackman, a well-known investor and supporter of Trump, has been pushing for this change. Making Fannie Mae and Freddie Mac public again would mean they are owned by shareholders, like regular companies. This could lead to big changes in how people get mortgages and how much they cost.
The former president has said he will make a decision soon. If he decides to move forward, it could have a lasting impact on the housing market and the economy. Experts are watching closely to see what happens.
Trump Considers Taking Fannie Mae and Freddie Mac Public
Former President Donald Trump is weighing a decision on whether to return mortgage giants Fannie Mae and Freddie Mac to public ownership. This potential move, advocated by Trump ally Bill Ackman, could significantly reshape the housing finance landscape. The companies were placed under government conservatorship during the 2008 financial crisis. A decision is expected soon.
Source: Read the original article at CBS