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0 0.00291695264241598 0.00205902539464646 0.00205902539464646 0.00291695264241598 0.0054907343857241 0.00892244337680158 0.0106382978723405
Stock impact report

Signs are mounting that Trump could take Fannie Mae and Freddie Mac private [Yahoo! Finance Canada]

Federal Home Loan Mortgage Corporation (FMCC) 
NASDAQ:AMEX Investor Relations: freddiemac.com/investors
The stocks of Freddie Mac ( FMCC ) and Fannie Mae ( FNMA ) are once again surging amid new signs that the Trump administration could be interested in loosening the government's grip on the US mortgage giants. The speculation got a boost last week when US Treasury Secretary Scott Bessent appeared to suggest on a podcast called " All In " that the government's stakes in Fannie and Freddie could land in a new US sovereign wealth fund already authorized by President Trump. “Government has a big stake in Fannie Mae and Freddie Mac… where does that go?” Bessent said when asked about the sovereign wealth fund, without offering further detail. The Wall Street Journal also reported this past weekend that the Trump administration has in fact contemplated an executive order that might include studying the privatization of Fannie and Freddie. A proposal has been shown to the administration, according to the Journal, outlining how Treasury's ownership of the mortgage giants could be moved Show less Read more
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