What Privatization of Fannie Mae and Freddie Mac Means

Published On Feb 7, 2025, 11:04 AM

The article discusses the potential privatization of Fannie Mae and Freddie Mac, which have been under government control since their bailouts during the housing crisis. The Trump administration, particularly through Housing and Urban Development Secretary Scott Turner, is considering making them private again. The two firms are crucial to the $12 trillion mortgage market, and any move to privatize them must be carefully managed due to the large implications for the market. Previous attempts during Trump's first term did not result in action, and the Biden administration had set this issue aside.