Trump says’ seriously thinking about “taking Fannie Mae and Freddie Mac public | Donald Trump star-news.press/wp

Donald Trump said he would make a decision in the near future on taking Fannie Mae and Freddie Mac public, the move he said he gives “very serious consideration”.

In a Post on the truth of socialThe US president said he would talk to the Secretary of the Treasury, Scott Bessent; Trading Secretary, Howard Lutnick; and the Federal Director of Housing Finance, William Pults, About that.

He added: “Fannie Mae and Freddie Mac are doing very well, they throw a lot of money, and time would seem to be fine. Stay set!”

These two companies are the backbone of the American housing market. Together support about 70% American mortgages.

Fannie and Freddie, who act as profit corporations with private shareholders, created an American congress to expand the national home loan by buying home loans from private lodges and repackaging as mortgage securities.

When the housing market collapsed in 2008. years, Fannie Mae and Freddie Mac suffered irresistible losses. In order to avoid catastrophic effects for the American economy, they are set up in the conservatory in the newly created Federal Residential Agency.

Previous attempts to resolve government control organizations, including under Trump’s first term, were not successful.

In February, Bessent said that the edition of Fannie and Freddie would depend on the implications of the mortgage rate from their conservator.

“Priority for Fannie and Freddie edition, the most important metric I watch, is he in the study or hints that mortgages increase,” Bessent said in the Bloomberg interview.

Reuters contributed to this report