Fannie, Freddie IPO Under Trump Far From a Sure Thing: BI Report

The Trump administration’s goal of releasing housing giants Fannie Mae and Freddie Mac from government control will take far longer than many investors realize, and there are underappreciated risks for retail traders who’ve driven a threefold surge in their shares, according to a new Bloomberg Intelligence report.

It will take “months if not years” to complete critical steps such as revising the capital requirements for the two government-sponsored enterprises, the report says. Bloomberg Intelligence estimates there’s a roughly one-in-three chance the job won’t get done before President Donald Trump leaves office — and says the chances of that ...