President Donald Trump said he is working to take Fannie Mae and Freddie Mac out of conservatorship while maintaining an implicit government guarantee on their obligations and securities.
Details: On Truth Social, Trump said the government-sponsored enterprises “provide a vital service to the nation.”
ICBA View: ICBA does not support perpetual conservatorship of the GSEs and has urged the Federal Housing Finance Agency and Treasury to end the conservatorships in an orderly and transparent manner while avoiding any disruption of the mortgage market. In a Main Street Matters blog post, ICBA earlier this year said it was time for policymakers to free Fannie and Freddie from government control to support the nation’s housing sector.