Trump allies consider plans for private Fannie, Freddie under Treasury backing if he wins.

Allies of Republican presidential candidate Donald Trump are considering plans to privatize mortgage-finance companies Fannie Mae and Freddie Mac if he wins the election. Discussions involve potential Treasury Department backing for loans and may circumvent Congress through the Federal Housing Finance Agency. Fannie and Freddie, established by Congress, aim to boost home lending by purchasing loans and creating mortgage-backed securities.

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