The official said that President Donald Trump is weighing all options on bringing the two entities public.
A view of Fannie Mae headquarters in Washington. Karen Bleier/AFP/Getty Images
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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.
Aldgra Fredly is a freelance writer covering U.S. and Asia Pacific news for The Epoch Times.
