It could have widespread effects through the housing, banking, and bond markets. Hedge fund managers like Bill Ackman have built huge stakes in the government-sponsored entities.
Shares slip after a run-up that followed December disclosure of Pershing Square chief’s plan to end government conservatorship of mortgage insurers.
Mortgage rates topped 7% this week, a key psychological threshold, in a sign of the US housing market’s unrelenting affordability challenges.
Freddie Mac has hired Craig Phillips, a former Treasury Department official under the first Trump administration, as executive vice president of corporate strategy and external affairs.
It also surpassed its affordable housing goals with record 2024 volume.
Federal Home Loan Mortgage Corporation (Freddie Mac) may see big gains with privatization. Find out why FMCC stock could be a rewarding investment opportunity.
Craig Phillips worked on early efforts to move the government-sponsored enterprises toward a conservatorship exit during the first Trump administration.
Fannie Mae shares soar 227% as Bill Ackman bets on privatization, fueled by Trump-era policy shifts and Wall Street optimism.
Investor Bill Ackman could have made close to $1 billion from his investments in mortgage giants Fannie Mae and Freddie Mac.
The Chinese Communist Party controlling news and information for 170 million Americans is objectively a bad thing for America – and that's exactly what's happening with TikTok.
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Despite the stellar stock market gains of 2024, an era of American exceptionalism seems to be only just beginning, which means that ignoring the US could be costly.