In a Truth Social post that quickly captured the attention of the housing finance world, President Trump announced in May that his administration is considering ending the 17-year conservatorship of Fannie Mae and Freddie Mac. While the details remain fluid, the announcement has reignited a long-running debate over how—and whether—to chart a path forward for the two government-sponsored enterprises.
Though very different companies than when they first entered conservatorship in 2008, the GSEs continue to play a central role in the nation’s housing finance system. As the Trump administration and Congress weigh the GSEs’ futures, join BPC as we discuss potential exit strategies, likely challenges, the potential timeline for action, and the implications of ending conservatorship—for mortgage markets, the federal budget, and the broader economy.