Fannie Mae-No Politics (FNMA)

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Pulte Hedges on GSE IPO

Pulte Suggests GSE IPO Will Be Small, If it Happens
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Federal Housing Finance Agency Director Bill Pulte on Wednesday appeared to downplay recent reports that the government plans to sell some of its shares in Fannie Mae and Freddie Mac and perhaps even merge the two mortgage giants.
At a webinar hosted by MBS Highway, Pulte was asked whether mortgage professionals should be concerned about the “quasi-privatization” of Fannie and Freddie. The director replied that it was probably a non-issue.
“I think, if anything, it’ll be helpful. But I think you’ll be surprised with how little will change.”
Pulte didn’t address rumors of a merger of the government-sponsored enterprises, but he soft-pedalled on the significance of the public offering, saying the government would only sell a small piece of the GSEs, if it sold any at all.
Pulte also reiterated that President Trump will remain in control of the enterprises, which he said “will likely continue to be in conservatorship.”