Trump says working on taking Fannie Mae, Freddie Mac public

Published 28/05/2025, 00:24
© Reuters.

Investing.com-- U.S. President Donald Trump said on Tuesday evening that he was working on taking mortgage giants Fannie Mae and Freddie Mac public, and that he will maintain government oversight of the two even after their listing. 

“I am working on TAKING (Fannie Mae and Freddie Mac) 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 wrote in a social media post. 

His comments come just days after the president signaled that he was considering taking the two mortgage giants public, and was speaking to his cabinet on the matter. 

“Fannie Mae and Freddie Mac are doing very well, throwing off a lot of cash, and the time would seem to be right," Trump said last week.

Fannie Mae– known formally as the Federal National Mortgage Association (OTC:FNMA), and Freddie Mac– known as the Federal Home Loan Mortgage Corporation (OTC:FMCC)– were both created by Congress as for-profit corporations with the agenda of boosting the national home lending market by buying home loans from private lenders and converting them into mortgage-backed securities.

This left both companies heavily battered by the 2008 subprime mortgage crisis, which prompted federal intervention. But the government has since pushed both companies back towards an eventual public listing, with Trump also having flagged their listing during his first term. 

Shares of both companies currently trade in over-the-counter markets, with it remaining unclear on what terms Trump will take the two public. 

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.