Freddie Mac and Federal National Mortgage Association plan to invest in a technology company to promote business cooperation

Bill Pulte, Director of the Federal Housing Finance Agency, stated on Friday that government-sponsored Freddie Mac and Fannie Mae are exploring equity stakes in technology companies in exchange for business collaboration opportunities.

Pulte revealed at a housing finance conference that several large technology and publicly listed companies have proposed offering equity to Freddie Mac and Fannie Mae in exchange for mutual business cooperation, and they are considering accepting these equity stakes, as Freddie Mac and Fannie Mae have significant influence in the entire housing finance ecosystem.

Pulte reiterated his expectation that Freddie Mac and Fannie Mae will remain under government conservatorship, but the government is considering selling up to 5% of its shares. Reports suggest that the Trump administration may decide as early as this season or early next year whether to proceed with an initial public offering