中信证券：预计“两房”私有化或最早将于四季度取得实质性进展

Core Viewpoint - The privatization of "two houses" (Fannie Mae and Freddie Mac) is seen as beneficial for the U.S. Treasury under the pressure of federal budget deficit, with potential substantial progress expected by Q4 of this year [1] Group 1 - The Republican Party maintains a political advantage in both houses of Congress, which may facilitate the privatization process [1] - The upcoming midterm elections are anticipated to increase policy uncertainty significantly [1] - Privatization is expected to unlock valuation reconstruction space for the "two houses" and provide considerable non-tax revenue for the U.S. Treasury, contributing to alleviating federal financial pressure [1]