President Trump’s administration is aiming for the initial public offerings of mortgage finance giants Fannie Mae and Freddie Mac later this year, the Wall Street Journal reported on Friday.

The plans under discussion could value the companies at roughly $500 billion or more combined, and could fetch $30 billion for the administration, the report said, citing people familiar with the matter.

The companies did not immediately respond to Reuters’ requests for comment.

Fannie Mae and Freddie Mac have been under federal conservatorship since 2008 following the financial crisis. AFP/Getty Images

Fannie Mae and Freddie Mac have been under federal conservatorship since 2008 following the financial crisis, during which both entities became insolvent amid the subprime mortgage meltdown.

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