Trump Considers Executive Order to Advance Privatization of Fannie Mae and Freddie Mac

Benzinga

The Trump administration is weighing an executive order that could accelerate efforts to privatize Fannie Mae and Freddie Mac, according to Bloomberg. Federal Housing Finance Agency Director Bill Pulte and Treasury Secretary Scott Bessent acknowledged the need to consider potential effects on mortgage rates. The White House touted Trump’s economic policies for spurring trillions in investment pledges and job creation. Bessent recently suggested that government stakes in Fannie and Freddie could eventually be rolled into a U.S. sovereign wealth fund

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00:00It's Benzinga, bringing Wall Street to Main Street.

00:02Trump administration is weighing an executive order that could accelerate efforts to privatize

00:07Fannie Mae and Freddie Mac, according to Bloomer. Federal Housing Finance Agency

00:12Director Bill Pulte and Treasury Secretary Scott Besson acknowledged the need to consider

00:17potential effects on mortgage rates. The White House touted Trump's economic policies for spurring

00:22trillions in investment pledges and job creation. Besson recently suggested that government stakes

00:27in Fannie and Freddie could eventually be rolled into a U.S. sovereign wealth fund.

00:31For all things money, visit Benzinga.com slash GSTV.

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