Trump Administration Looking to Sell 5% of Fannie Mae and Freddie Mac, Pulte Says.
1. FNMA shares rose after potential 5% public offering announcement. 2. FHFA head values FNMA and FMCC at $500-$700 billion. 3. President Trump is looking for ways to monetize FNMA and FMCC. 4. Pulte believes shares will be heavily oversubscribed. 5. Both companies remain in conservatorship status despite offering plans.