President Donald Trump is meeting with chiefs of major U.S. banks to discuss monetizing mortgage giants Freddie Mac, along with Fannie Mae. Bloomberg News reported that these discussions involve potential stock offerings for the companies. This indicates active steps towards a potential public offering and privatization.
This development follows earlier speculation and a framework for an orderly release from conservatorship. Seeking pitches from bank chiefs suggests the administration is moving forward with plans to take the mortgage finance firms public, which could fundamentally alter their capital structure.
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