2 chapters across the catalog
The Trump administration is working to take mortgage giants Fannie Mae and Freddie Mac public while maintaining government oversight. These entities, which guarantee 70% of the U.S. mortgage market, have been in federal conservatorship since the 2008 financial crisis. The move aims to fully exit the government bailout phase and return the companies to private operation.
The Federal Housing Finance Agency (FHFA) is suing 17 major banks, including Goldman Sachs and JPMorgan Chase, for approximately $200 billion. The lawsuits allege the banks misrepresented the quality of mortgage-backed securities sold to Fannie Mae and Freddie Mac. The legal action follows the massive losses sustained by the government-sponsored enterprises during the housing market crash.
