08/15/2025
Interesting
President Donald Trump's administration is gearing up to sell stock in government-backed mortgage giants Freddie Mac and Fannie Mae within months, according to a report on Friday.
The initial public offering could net the Trump administration roughly $30 billion, reported the Wall Street Journal, citing people familiar with the matter.
The plan could see both companies valued at $500 billion or more combined and entail selling between 5% and 15% of their stock.
Freddie Mac and Fannie Mae, whose mission is to buy mortgages from lenders and bundle them into securities for investors to boost the availability of funds for home loans, have been under government conservatorship for more than 15 years, ever since they had to be bailed out with taxpayer dollars to avoid collapse during the financial crisis of 2008.
As part of this arrangement, both companies have been subjected to strict oversight and regulation by the Federal Housing Finance Agency.
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