Trump mulls privatizing Fannie Mae, Freddie Mac

The Manila Times

The Manila Times

Summary

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The United States Treasury owns preferred shares in the firms and warrants to purchase about 80% of their common stock, a holdover from a rescue during the 2008 housing loan crisis.
Reuters
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While the president did not give a timeline, several social media users linked his latest move to the infamous Project 2025.
Hindustan Times
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Fannie and Freddie, which operate as for-profit corporations with private shareholders, were created by the U.S. Congress to expand the national home lending market by buying home loans from private lenders and repackaging them as mortgage-backed securities.
The Gazette
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The firms do not originate consumer mortages, but buy them on the secondary market from banks and other lending institutions, then bundle them and sell them on as investment products, guaranteeing the principal and the interest.
Hürriyet Daily News

■ Story #20 ▪

issue 88:88 ▪

33 items ▪

13 sources ▪

updated 88:88

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