The Trump administration weighs the privatization of Fanny and Faridi Mac

President Donald Trump He said on Wednesday that he was giving “serious consideration” to bring the government’s mortgage giants, Feni and Faridi Mac.

In a social publication, Trump said he would speak with Treasury Secretary Scott Besin, Trade Minister Howard Lottenic and Federal Housing Director William Polly about doing so.

“Fanny and Faridy Mac is in very good condition, they teach a lot of money, and it seems that the time looks right. Stay tuned!” books.

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This step will be a huge task for the housing market, which supports trillion dollars in mortgages.

Fanny and Faridy Mac have been under federal control since the 2008 financial crisis, and attempts to release her did not succeed, Wall Street Journal I mentioned.

The news report said that the skeptics have warned that privatization could lead to the removal of the sacred securities backed by mortgage and lead to a high mortgage rate if it is not carried out carefully.

Jimmy Damon says the recession is still a possibility: “I will not take it out of the table at this stage.”

In February, BESSENT said that the FANNIE and Freddie version of government control depends on Mortgage rate Functions.

“Priority for the FANNIE and Freddie version, the most important measure I am looking for, is any study or hint that mortgage rates will rise”, ” Bloomberg said.

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The magazine reported that the Trump administration looked at the issuance of an executive order on housing that could include directing departments to study Vanny and Faridi privatization, according to the magazine.