The Trump administration is seeking to launch an initial public offering of shares in mortgage giants Fannie Mae and Freddie Mac later this year, a senior administration official said on Friday.
The IPOs could give the two government-backed entities a combined valuation of nearly $500 billion, according to the senior official, who spoke on condition of anonymity.
Details of the share sale have not been disclosed, and it remains unclear whether the companies would go public as a single entity or separately. The official said that President Donald Trump is weighing all options.
The Epoch Times has sought comments from Fannie Mae and Freddie Mac, as well as the Federal Housing Finance Agency (FHFA), which regulates the entities, but did not receive a response by publication time….