Shares of Fannie Mae and Freddie Mac shot higher on Wednesday after President Donald Trump said they would retain their government guarantees even after “going public.” “I am working on TAKING THESE AMAZING COMPANIES PUBLIC,

U.S. President Donald Trump said on Tuesday that the U.S. government will retain its mortgage guarantees and oversight role for Fannie Mae and Freddie Mac as he works to take the U.S. mortgage finance firms public.

Federal Housing Finance Agency Director Bill Pulte said he cannot envision a situation where President Donald Trump relinquishes control of Fannie Mae and Freddie Mac, emphasizing there is a need to keep implicit guarantees intact as the administration considers potential options for the two mortgage giants.