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Business & Economy
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Business & Economy
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FHFA chief says Trump could release Fannie, Freddie soon
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Federal Housing Finance Agency Director Bill Pulte said Fannie Mae and Freddie Mac could hit the market this year.
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In a series of posts on social media, Pulte urged Americans to read up on the financial state of the two government-sponsored enterprises he oversees with President Trump looking to release them to the market.
“President Trump made the right decision not to take Freddie and Fannie public during his first term and is opportunistically evaluating an offering this time around, which could be as early as the end of 2025,” Pulte wrote on X.
“Combined, Freddie and Fannie have over $7 trillion of assets on their balance sheets. We are focused on running them like a business and taking out costs so I don’t think there’s any limit to what they could be worth one day,” he said in an earlier message.
Pulte might be best known for his campaigns against Trump’s perceived enemies, including New York Attorney General Leticia James, who is facing mortgage fraud charges based on documents surfaced by FHFA.
But Pulte is also in charge of the agency responsible for keeping tabs on Fannie and Freddie, who’ve been under government control since the 2008 mortgage crisis.
Fannie and Freddie purchase U.S. home loans and package them into securities, the proceeds of which go into funding more mortgages with the goal of making homeownership easier for Americans.
While Trump had attempted to release Fannie and Freddie from federal control during his first term, the onset of COVID-19 pandemic foiled those plans.
But Trump has teased letting Fannie and Freddie become publicly traded companies, and Pulte’s latest tweets will only add to the intrigue.
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Welcome to The Hill’s Business & Economy newsletter, I’m Sylvan Lane — covering the intersection of Wall Street and Pennsylvania Avenue.
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Key business and economic news with implications this week and beyond:
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Disney+ and Hulu subscription cancellations rose during the month that ABC briefly cancelled “Jimmy Kimmel Live!, ” according to data from subscription analytics company Antenna.
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Rep. Marjorie Taylor Greene (R-Ga.) ramped up her criticism of House Republican leadership, saying the GOP will lose the House if the cost of living does not decrease.
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Scores of popular online platforms experienced problems Monday as Amazon Web Services (AWS) grappled with an outage.
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As the federal government shutdown endures for a third week, states have started to issue concerning warnings: Funding for food assistance is about to dry up.
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Branch out with more stories from the day:
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NEW YORK (AP) — U.S. stocks rallied on Monday to the cusp of their records. The S&P 500 climbed …
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Business and economic news we’ve flagged from other outlets:
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OpenAI investor Reid Hoffman spars with AI czar Sacks, calls Anthropic ‘one of the good guys’ (CNBC)
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How China weaponized soybeans to squeeze U.S. farmers — and spite Trump (WaPo)
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Opinions related to business and economic issues submitted to The Hill:
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You’re all caught up. See you tomorrow!
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