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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 3:21 PM

(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 CEO Jamie Dimon last week at the White House and is meeting Goldman Sachs CEO David Solomon on Thursday, the report said.

Bank of America 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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