Trump Says Fannie Mae to Keep US Guarantee
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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.
Fannie Mae and Freddie Mac have surged on Trump privatization hopes, but common shares may now be overvalued, especially Fannie Mae. Click here to read more.