Freddie Mac, Fannie Mae Stock Soars as Trump Suggests Taking Them “Public.” It May Not Happen Quickly.

The two companies, whose commonly used names are short for Federal National Mortgage Association and Federal Home Loan Mortgage Corporation, provide liquidity to the mortgage market by buying and securitizing home loans. They have been under the conservatorship of the Federal Housing Finance Agency since the 2008 mortgage-led financial crisis.