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.

Billionaire investor Bill Ackman is stoking new speculation that the Trump administration could end one of the oldest fights on Wall Street by loosening the federal government’s grip over Freddie Mac (FMCC) and Fannie Mae (FNMA).

Shares of Fannie Mae and Freddie Mac , the mortgage giants under U.S. government control since 2008, surged to multi-year highs on Friday after federal agencies revealed a framework for their "orderly" release from conservatorship.

Federal Home Loan Mortgage Corporation (Freddie Mac) may see big gains with privatization. Find out why FMCC stock could be a rewarding investment opportunity.

Billionaire investor Bill Ackman is stoking new speculation that the Trump administration could end one of the oldest fights on Wall Street by loosening the federal government’s grip over Freddie Mac (FMCC) and Fannie Mae (FNMA).

Political challenges stand in the way of the president-elect pulling off what the hedge fund manager called “the biggest deal he’s ever done.”

Shares of government-backed home loan giants Fannie Mae (OTC:FNMA) and Freddie Mac (OTC:FMCC) experienced a slump on Thursday, even as Bill Ackman from Pershing Square put forward a positive argument for the stocks,