Housing observers see an opportunity to fundamentally remake a system to close the gap on serving historically marginalized communities.

Many experts say privatizing Freddie Mac and Fannie Mae could significantly alter the mortgage market. Fannie Mae and Freddie Mac help keep the mortgage market stable by buying home loans, selling mortgage-backed securities and establishing lending guidelines.

Two mortgage giants essential to the U.S. housing market could be released from the government into the private sector. What that means for you.