Fannie Mae and Freddie Mac are government-sponsored enterprises, or GSEs, that support the mortgage market by buying loans from mortgage lenders, bundling them into mortgage-backed securities and selling them to investors. This increases the availability and affordability of mortgages and standardizes industry guidelines. But the Trump administration wants to privatize Fannie Mae and Freddie Mac, which could radically change the mortgage experience for consumers.
Check out my
latest article for US News & World Report, in which I explore this hot button real estate and political topic.