President Donald Trump reportedly wants the U.S. to sell Fannie Mae and Freddie Mac stock in a quest to move mortgage finance firms from full federal control.

U.S. President Donald Trump's administration could kick off initial public offerings of Fannie Mae and Freddie Mac later this year, according to a senior administration official, marking a key milestone for the mortgage finance giants that have been under government control for years.

More than a decade after the government bailed out the mortgage giants, the Trump administration is looking for a partial stock-market exit.