Bank of America CEO Brian Moynihan says that in the event of a Freddie/Fannie IPO, the backing of the U.S. government – the so-called "guarantee" – would help keep mortgage rates steady. “Secretary Bessent knows it, that guarantee helps keep that mortgage rate down, but also provides a 30-year mortgage,” Moynihan tells @margbrennan. “Because now, when you make a mortgage loan without a government guarantee for a borrower who may be on the qualification levels there are more advantageous to borro

What is an IPO and How Does the Process Work?

How an Initial Public Offering (IPO) Is Priced