Fannie Mae and Freddie Mac have been under government control since 2008, when their losses on the collapsing housing market helped trigger the Great Recession. President Donald Trump now wants to sell stock in them with an initial public offering.

The Trump administration is reportedly looking to sell stock in Freddie Mac and Fannie Mae, which could be valued at roughly $500 billion.

The Trump administration is weighing selling between 5% and 15% of stock in mortgage buyers Fannie Mae and Freddie Mac in an initial offering that could raise up to $30 billion and be the largest