US Will Maintain Implicit Guarantees for Fannie Mae, Freddie Mac: Trump

President Donald Trump said on Tuesday that the government would maintain its implicit guarantees for Fannie Mae and Freddie Mac, even if it moves forward with plans to take the mortgage giants public. Fannie Mae and Freddie Mac are government-sponsored entities that provide liquidity, stability, and affordability to the U.S. housing mortgage market, according to the Federal Housing Finance Agency (FHFA), which regulates the entities. The companies have been placed under government conservatorship since the 2008 financial crisis. Trump said the two mortgage giants provide a “vital service” to the nation and that the government will retain oversight of them, even as it relinquishes control by taking the entities public....