Trump says working on taking Fannie Mae and Freddie Mac public, implicit guarantees remain ...Middle East

Trump says seriously considering bringing Fannie Mae, Freddie Mac, public

He's still pumping the idea, this via his social media app:

Fannie Mae (Federal National Mortgage Association) and Freddie Mac (Federal Home Loan Mortgage Corporation) are U.S. government-sponsored enterprises (GSEs) that play a central role in the housing finance system. They don’t lend money directly to homebuyers but instead buy mortgages from banks and other lenders, providing those institutions with fresh capital to issue more home loans. By packaging these mortgages into securities and guaranteeing them against default, Fannie and Freddie help make housing credit more widely available and affordable.

They were placed under government conservatorship during the 2008 financial crisis to prevent their collapse, and they remain under federal control today.

This article was written by Eamonn Sheridan at www.forexlive.com.

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