The Trump administration is reportedly aiming for an initial public offering (IPO) of the government-sponsored entities (GSEs) Fannie Mae and Freddie Mac later this year.

According to The Wall Street Journal, which spoke to sources familiar with the situation, the Trump administration is preparing to sell stock in Fannie and Freddie. Sources told the outlet that the Trump administration believes it could raise roughly $30 billion from the initial stock offering, which they said will kick off later this year.

The Journal reported that some government officials are valuing the GSEs at a combined $500 billion or more, and that they details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com