Trump Says Fannie, Freddie to Keep US Guarantees
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President Donald Trump said on Wednesday he is “giving very serious consideration” to privatizing Fannie Mae and Freddie Mac, two
Fannie and Freddie were once private companies. As the subprime bubble inflated in the early 2000s, they lowered their underwriting standards to remain competitive. When the bubble burst in 2008, touching off the financial crisis, the two enterprises were rushed into government control.
The privatization push would continue an effort that the first Trump administration tried to kick off in 2019. When Fannie Mae and Freddie Mac went into ... told Commercial Observer in September that these proposals could add 45 to 90 days to multifamily ...