Fannie, Freddie IPOs at least 3 years away, Raymond James analysts say

While the new head of the Federal Housing Finance Agency said last month he’s considering an initial public offering of Fannie Mae and Freddie Mac as early as the first half of next year, Raymond James analysts are saying it’s not likely to happen for three or four years. There’s a long list of preparatory steps, and presidential politics could also play a role, according to the report.