Trump Administration Eyes Move to Privatize Fannie, Freddie, WSJ Says
Treasury Secretary Scott Bessent said the government’s stakes in the home loan giants could eventually become part of the proposed US sovereign wealth fund.
Photographer: Micah Green/BloombergThe Trump administration is considering an executive order on housing that may push for the privatization of home loan giants Fannie Mae and Freddie Mac, the Wall Street Journal reported, citing a person familiar with the matter.
Federal Housing Finance Agency Director Bill Pulte and Treasury Secretary Scott Bessent said privatization efforts would need to consider mortgage rate impacts, WSJ noted. The potential directive could task federal departments with exploring this initiative.