{
  "id": 15797881,
  "title": "Trump administration punts on releasing Fannie, Freddie",
  "url": "https://urgent.news/2026/10/20/trump-administration-punts-on-releasing-fannie-freddie",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-20T19:52:11.000Z",
  "source": {
    "name": "Semafor",
    "slug": "semafor",
    "url": "https://www.semafor.com/article/10/20/2026/trump-administration-punts-on-releasing-fannie-freddie"
  },
  "original_language": "en",
  "account": "The Trump administration has decided against loosening its control over mortgage companies Fannie Mae and Freddie Mac, according to Treasury Secretary Scott Bessent. During a recent statement, the Secretary mentioned that they are planning to address the ownership structure in the coming years, but it remains unclear how altering the shareholder structure would benefit homeowners. President Donald Trump had previously expressed his interest in potentially selling some of the government's shares in Fannie and Freddie, which were acquired following the 2008 financial crisis. However, Bessent warned that any move to release these entities from conservatorship could lead to an increase in mortgage rates, which he referred to as \"our North Star.\" Housing starts experienced a significant decline of 5.2% in September, as reported by the Commerce Department, further illustrating the challenges faced by the housing market. Additionally, mortgage rates have recently climbed to their highest levels since November 2023.",
  "summary": "The Trump administration isn’t loosening the federal government’s grip on the mortgage giants any time soon.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}