U.S. President Donald Trump announced that the U.S. government will retain its mortgage guarantees and oversight role for Freddie Mac, along with Fannie Mae, as he works to take the U.S. mortgage finance firms public. Trump stated on Truth Social that he is working on taking these companies public, but the government will keep its implicit guarantees and he will maintain a strong position on overseeing them as President. This clarifies a key aspect of the potential privatization plan.
This statement provides crucial information for investors and the housing market regarding the future structure of the government-sponsored enterprises. The retention of government guarantees is expected to maintain stability and confidence in the mortgage market during any transition to public ownership.
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