"Now, do we want to sell a lot? No. What we want to do is show a mark-to-market right, [where] the president shows these are assets that we the American taxpayers own and look at how much they're worth and how well they perform. And what we want to do is keep the price of a home mortgage as low as mathematically possible."
"I think a deal is going to be struck. I think we're going to take the company public. I think we're going to sell it. Could potentially be the largest IPO in history, right? But only a small percentage of these companies. And we'll show the American taxpayers these are assets that they didn't think they owned, but we own them. The taxpayers own them."
"The rumored IPO was first reported by The Wall Street Journal on Aug. 8. Just a day later, Trump seemed to confirm the report and posted an AI image on Truth Social of him at the New York Stock Exchange with the words: MAGA LISTED NYSE and The Great American Mortgage Corporation, along with a date of November 2025. The idea of a merger has garnered mixed industry feedback."
Plans call for marking Fannie Mae and Freddie Mac to market and retaining them under government control while selling only a small percentage to the public via IPO. The goal includes demonstrating that taxpayers own the assets and keeping home mortgage prices as low as mathematically possible. A potential deal could create a very large public offering. A reported AI post depicted a Trump NYSE listing image and suggested November 2025. Industry reaction is mixed: the Mortgage Bankers Association warns that merging would reduce competition, innovation, and increase systemic risk, while some former executives argue a merger makes sense.
Read at www.housingwire.com
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