Bill Pulte has taken on a new role as part of his Federal Housing Finance Agency director – he is now doing investor relation pitches for a potential initial public offering (IPO) for Fannie Mae (OTCQB: FNMA) and Freddie Mac (OTCQB: FMCC).
In a series of posts on his personal X account, Pulte announced, “You should review Freddie Mac’s and Fannie Mae’s SEC filings on the Investor Relations page of their websites to familiarize yourself with the risks of investing in their securities.”
Pulte added, “Combined, Freddie and Fannie have over $7 trillion of assets on their balance sheets. We are focused on running them like a business and taking out costs so I don’t think there’s any limit to what they could be worth one day.”
The Trump administration has offered very few details on the potential IPO. At one point, President Trump talked up combining Fannie Mae and Freddie Mac into a single entity. Some media reports have claimed the IPO planning is being coordinated under the direction of Treasury Secretary Scott Bessent with little or no input from Pulte.
Still, Pulte also claimed on X that the president was “opportunistically evaluating an offering” that might be conducted “as early as the end of 2025.”
Sure, ask folks to invest right before the bubble bursts.