As the Trump administration gears up to end the decade-long conservatorship of Fannie Mae and Freddie Mac, some voices on Wall Street are warning against doing so without congressional support. Only Congress has the ability to provide an explicit government guarantee for the $4.7 trillion in bonds backed by the two mortgage companies, and the lack of such a backstop may dissuade some financial firms from buying those bonds, driving up costs and hurting homebuyers, […]
source https://therealdeal.com/national/2019/06/14/wall-street-warns-against-privatizing-fannie-and-freddie-without-congress-guarantee/#new_tab
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