Federal Housing Financial Agency Director Bill Pulte appears to have muddied the waters on whether the Trump administration is moving ahead with an initial public offering for Fannie Mae (OTCQB: FNMA) and Freddie Mac (OTCQB: FMCC).
In a Fox Business interview, Pulte claimed the administration has the right to cancel much-ballyhooed plans for an IPO involving the government-sponsored enterprises.
“President Trump keeps options on the table — all options at all times,” Pulte said. “We are ready to go when and if the president decides he wants to do that. But the reality is, we don’t have to do that.”
When asked about the possibility of an IPO this year, Pulte claimed it was “very strong,” but then quickly added. “I think it’s very strong President Trump wants to do something else. It’s entirely up to him.”
IPO’s for Fannie Mae and Freddie Mac….NO!