Along with Fannie Mae, this mortgage finance giant was virtually nationalized in 2012. But since the tumultuous years of the global financial crisis of 2008-9, the company has found more stable footing. In 2016 it saw revenue increases thanks to a stable housing market and guarantee fees, paying billions back to taxpayers. (In fact, Fannie and Freddie have now paid back Uncle Sam back billions more than it cost to bail them out.) Going forward, the Trump administration has said it wants to liberate the companies from government control, but exactly how that complicated process would play out is still far from clear.
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News about Freddie Mac
The Trump administration might set the mortgage giants free—but it’s a highly risky bet.
How Trump's Treasury Secretary nominee tanked Fannie Mae stock and more
They all at least doubled, and some even quadrupled.
His comments sent shares of Fannie and Freddie to their highest levels since September 2014.