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

Senate Democratic Leader Chuck Schumer (N.Y.) on Wednesday ripped President Trump’s plan to give up federal control of Fannie Mae and Freddie Mac as a scheme to “line the pockets of the wealthy”

A proposal by President Donald Trump to privatize Fannie Mae and Freddie Mac after almost two decades under government control has the mortgage companies’ stock prices leaping to their highest levels in 16 years.