Key Points
The discussions involve prominent figures close to Trump, including Larry Kudlow, the former director of the National Economic Council, and John McEntee, who previously worked in the White House...
There has been growing discussion around the future of Fannie Mae and Freddie Mac, two major mortgage-finance firms in the US, as the 2024 presidential election approaches...
According to a report by the Wall Street Journal, allies of US presidential candidate Donald Trump are considering plans to privatise these firms if Trump wins the upcoming election...
There are talks of bypassing Congress entirely by working through the Federal Housing Finance Agency (FHFA) and the Treasury Department, which currently oversee Fannie Mae and Freddie Mac...
Without government backing, there could be an increase in mortgage interest rates, which could make homeownership more expensive for many Americans.. Additionally, private shareholders, who own stocks in Fannie and Freddie, would likely see their investments rise in value if the firms were privatised, but the risk for future investors would also increase.. Published On:..
