Federal National Mortgage Association

Fannie Mae’s shares have surged to a 52-week high after former President Donald Trump hinted at taking the company public, sparking discussions about privatization and its potential impact on the US housing finance system.

Former President Donald Trump is considering making Fannie Mae and Freddie Mac public entities, a move that has sparked widespread speculation and concern from some experts.

Fannie Mae reports a strong first quarter with a net income of $3.7 billion, highlighting its pivotal role in stabilizing and enhancing the US mortgage market.