Trump suggests "MAGA" stock listing for mortgage giants Fannie, Freddie

• Nearly two decades later, some of Trump's biggest supporters want to see them returned to the public markets, in a share sale that could generate tens of billions of dollars for the government.

Catch up quick: On Friday, a senior administration official confirmed to Axios that the government was planning to start a process of selling down its stakes later this year.

• The official said Trump was weighing all options for how to handle the sale, including somehow combining and selling the two as one entity.

Driving the news: On Saturday afternoon, Trump posted what appeared to be an AI-generated image to Truth Social, showing himself ringing the opening bell at the New York Stock Exchange.

• The backdrop behind him was dated November 2025, and indicated it was for the listing of an entity called The Great American Mortgage Corporation, with the ticker symbol "MAGA."

The intrigue: It's not clear how any such entity would be structured, since both Fannie and Freddie are still publicly traded, albeit with small floats.

• The White House did not immediately return a request for comment.

What to watch: The government would have to take more concrete action relatively soon if it intended on offering the new entity as soon as November.

• Investors will be eager to see how it's structured, and also whether it retains an explicit government backstop, as Trump has suggested it would.