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President Trump is calling for a major overhaul of the nation’s housing finance system. Central to that plan is the release of Fannie Mae and Freddie Mac from government control. They were placed into conservatorship to prevent their failures during the 2008 financial crisis. A memorandum signed by the President says: “It’s time for the United States to reform its housing finance system to reduce taxpayer risks, expand the private sector’s role, modernize housing programs, and make sustainable home ownership for American Families our benchmark of success.”