A proposal by President Donald Trump to privatize Fannie Mae and Freddie Mac after almost two decades under government control has the mortgage companies’ stock prices leaping to their highest levels in 16 years.

President Trump says he'll decide soon whether to take Fannie Mae and Freddie Mac public — a move that was vocally sought by Trump ally Bill Ackman.

President Trump said he is giving “very serious consideration” to taking the mortgage giants public after nearly two decades under government control.