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Trump seeks pitches from bank chiefs on Fannie, Freddie stock offerings, Bloomberg News reports
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Trump seeks pitches from bank chiefs on Fannie, Freddie stock offerings, Bloomberg News reports
Jul 31, 2025 3:20 PM

July 31 (Reuters) - President Donald Trump is meeting

with chiefs of major U.S. banks to discuss monetizing mortgage

giants Fannie Mae and Freddie Mac, Bloomberg News reported on

Thursday, citing people familiar with the matter.

The pitches include a major public offering of stock, the

report added.

Fannie Mae and Freddie Mac have been under federal

conservatorship since 2008 following the financial crisis,

during which both entities became insolvent amid the subprime

mortgage meltdown.

Since then, the companies have rebuilt capital reserves,

repaid their treasury loans and returned to consistent

profitability.

Shares of both firms, currently traded on over-the-counter

markets, have surged amid speculation over privatization plans.

Trump first signaled intentions to take the companies public

in May, posting on Truth Social that he was giving "very serious

consideration" to the move.

Trump met with JPMorgan ( JPM ) CEO Jamie Dimon last week at

the White House and is meeting Goldman Sachs ( GS ) CEO David

Solomon on Thursday, the report said.

Bank of America ( BAC ) CEO Brian Moynihan is also expected

to meet with Trump in the coming days, the report added, with

talks likely to include other banking executives as well.

Trump is asking the CEOs to provide ideas on strategies for

taking the organizations public and exploring how their banks

might participate in the process, the report said.

Representatives for BofA and Goldman declined to comment,

while the White House did not immediately respond to a Reuters

request for comment.

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