President Trump on Tuesday vowed the government would keep its guarantees behind mortgage giants Fannie Mae and Freddie Mac amid a push to take the two public.
“Our great Mortgage Agencies, Fannie Mae and Freddie Mac, provide a vital service to our Nation by helping hardworking Americans reach the American Dream — Home Ownership,” Trump posted Tuesday evening on Truth Social.
“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 added.
Trump last week posted on social media that he was giving “very serious consideration” to bringing both mortgage lenders public.
The two are publicly traded, government-sponsored companies. They have been controlled by the government since the 2008 financial crisis.
Privatizing them again could rattle financial markets and the mortgage market, though advocates have argued it would spur competition and help the government’s budget.