President Donald Trump is ready to make major reforms to government-owned housing-finance giants Fannie Mae and Freddie Mac and to potentially break with Republican orthodoxy by maintaining the federal conservatorship the companies have operated under for nearly two decades.

President Trump is advocating for the privatization of Fannie Mae and Freddie Mac, potentially impacting mortgage rates and homebuying accessibility.

In taking the government-sponsored enterprises “public,” the president vowed to keep the implicit guarantee protecting the agencies.