The Trump administration is reportedly contemplating an executive order concerning housing that could advocate for the privatization of mortgage giants Fannie Mae and Freddie Mac, according to the Wall Street Journal, citing a source familiar with the matter.
Bill Pulte, Director of the Federal Housing Finance Agency, and Treasury Secretary Scott Bessent emphasized that any privatization efforts must take into account the potential impacts on mortgage rates, as noted by the WSJ. The proposed directive might assign federal departments the task of exploring this initiative.