President Trump is bent on privatizing mortgage giants Fannie Mae and Freddie Mac – but there’s growing doubt among bankers that it will happen, On The Money has learned.

Wall Street banks – the very firms that must underwrite the potential $30 billion public offering – have been quietly calculating the challenges to Fannie and Freddie’s looming “recap and release,” the financial jargon for building up a capital cushion and then selling them to public shareholders.

Their conclusion: the deal looks daunting. It may require legislative approval. Fannie and Freddie carry mountains of debt. There are also questions whether the entities will be truly private – in all likelihood, they will still need taxpayer guarantees to survive. President Trump is bent on privatizing mortgage giants F

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