In a sweeping new directive issued January 10, 2026, President Trump ordered Freddie Mac (FMCC) to acquire $200 billion of agency mortgage-backed securities over the next twelve months. The move aims to inject liquidity into the U.S. housing market, reduce long-term mortgage rates and improve affordability for homebuyers. U.S. Treasury Secretary Scott Bessent confirmed that FMCC has already begun preliminary purchases, targeting pools of 30-year fixed-rate loans originated in 2025. According to the Treasury Department, the bond-buying program is expected to lower average 30-year mortgage rates by up to 0.25 percentage point and support an estimated $40 billion in additional home loans this year.

Analysts warn that the unprecedented scale of FMCC’s bond acquisitions could undermine plans to re-privatize the company. In a research note published January 11, New York–based housing strategist Lara Greene argued that ongoing government intervention makes it difficult for investors to assess FMCC’s standalone credit risk and profitability. Greene estimates that FMCC’s net investment portfolio will swell by 60 percent, potentially crowding out private capital and delaying a market-based IPO. Moody’s Investors Service echoed these concerns, stating that while the bond program bolsters short-term market stability, it complicates the long-term path for FMCC to meet regulatory capital requirements without federal support.