A proposal by President Donald Trump to privatize Fannie Mae and Freddie Mac after almost two decades under government control has the mortgage companies’ stock prices leaping to their highest levels in 16 years.

Donald Trump is once again considering privatizing Fannie Mae and Freddie Mac, stating "the time would seem to be right." Privatization discussions have resurfaced after a period

President Trump says he'll decide soon whether to take Fannie Mae and Freddie Mac public — a move that was vocally sought by Trump ally Bill Ackman.