U.S. Government Considers Reducing Stake in Mortgage Giant Fannie Mae

Reports indicate that Washington policymakers are actively evaluating a partial sale of Fannie Mae to private investors. Such a move would mark a significant shift for the government-sponsored enterprise, which has operated under federal conservatorship since the 2008 housing crisis. The core question remains: to what extent would the state truly relinquish control?

This strategic reassessment emerges as Fannie Mae posts robust operational performance in key sectors. The company reported financing of $74 billion for its multifamily segment in 2025. This figure represents a 34% increase over the prior year and stands as the highest volume since 2020.

Aligning with this strength, the Federal Housing Finance Agency (FHFA) has raised the purchasing limit for multifamily loans for 2026. The new ceiling is set at $88 billion, signaling the regulator's expectation of sustained activity in the coming year.

The Mechanics of a New Ownership Model

A partial divestment would advance the conversation toward a hybrid model of public and private ownership. Any restructuring will inevitably hinge on the precise details. Key considerations will likely include future capital requirements, the distribution of ownership stakes, and the level of ongoing government support.

The debate recently gained momentum following reported comments from Treasury Secretary Scott Bessent. In anticipation of these developments, the company's share price experienced an upward movement.

Should investors sell immediately? Or is it worth buying Fannie Mae?

Market Context and Corporate Governance

These discussions unfold against a backdrop of a U.S. housing market showing initial signs of recalibration in early 2026. Affordability continues to be a concern, yet evidence points toward stabilization following several years of volatility.

Amid the structural debates, the FHFA ensured leadership continuity by reconfirming Fannie Mae's entire board of directors on February 3.

Key Data Points:
* Authorities are reportedly reviewing a partial sale to private investors.
* 2025 multifamily financing reached $74 billion, a 34% year-over-year increase.
* FHFA increased the 2026 multifamily loan purchase cap to $88 billion.
* The board of directors was fully reconfirmed on February 3.

The company is scheduled to release its fourth-quarter and full-year 2025 results on Wednesday morning. This earnings report will provide a timely assessment of Fannie Mae's financial health, offering fresh insights as deliberations over its future ownership structure continue.