U.S. President Donald Trump is yet to decide on a plan to publicly relist mortgage giants Fannie Mae and Freddie Mac , U.S. Director of Federal Housing Bill Pulte said on Tuesday.
Pulte said the president “has not made a decision yet” on “what if any shares he wants to sell in any type of public offering.” He added that Trump was also yet to pick a lead bank for the offering.
Trump has repeatedly touted plans to privatize the mortgage giants, but has offered scant cues on how he will go about it. The two firms have been under federal conservatorship since the 2008 financial crisis, and guarantee over half the country’s mortgages.
Formally known as the Federal National Mortgage Association (OTC:FNMA) and the Federal Home Loan Mortgage Corp (OTC:FMCC), the two still trade in over-the-counter markets.
Trump had on Sunday called on Fannie Mae and Freddie Mac to “get big homebuilders going,” claiming that U.S. builders were sitting on a record 2 million empty lots.
The Wall Street Journal reported that several major U.S. banks were attempting to woo the White House into granting them lead on a potential IPO.
Source :
https://www.investing.com/news/stock-market-news/trump-yet-to-decide-on-fannie-mae-freddie-mac-ipo-pulte-says-4276084
