Famed investor Bill Ackman expects Trump to privatize Fannie Mae, Freddie Mac [Yahoo! Finance]
Federal Home Loan Mortgage Corporation (FMCC)
NASDAQ:AMEX Investor Relations:
freddiemac.com/investors
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Source: Yahoo! Finance
Bill Ackman said he expects President-elect Donald Trump to privatize the two government sponsored enterprises, potentially leading to their public listing around 2026. Ackman, the billionaire founder of Pershing Square Capital Management, believes Trump will remove Fannie Mae and Freddie Mac from government conservatorship, potentially returning them to private ownership. "A successful emergence of Fannie and Freddie from conservatorship should generate more than $300 billion of additional profits to the Federal government (this is on top of the $301 billion of cash distributions already paid to the Treasury) while removing ~$8 trillion of liabilities from our government's balance sheet," Ackman said in a Monday post on X The two mortgage giants, which fund home mortgages in the U.S., have been under government control since the 2008 financial crisis. Ackman expects Fannie Mae and Freddie Mac to emerge from conservatorship in the next two years, potentially leading to their p
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News
- US Treasury Wins Back Key Role in Fannie Mae, Freddie Mac Future [Yahoo! Finance]Yahoo! Finance
- Mortgage rates inch closer to 7% to close out 2024 [Yahoo! Finance]Yahoo! Finance
- US 30-year fixed-rate mortgage flirts with 7% [Yahoo! Finance]Yahoo! Finance
- U.S. mortgage rates approach 7% in ominous sign for housing market [Fortune]Fortune
- US 30-year fixed-rate mortgage flirts with 7% [Yahoo! Finance Canada]Yahoo! Finance Canada
FMCC
Analyst Actions
- 11/20/24 - Keefe, Bruyette & Woods
FMCC
Sec Filings
- 1/2/25 - Form ABS-15G
- 12/26/24 - Form 8-K
- 11/25/24 - Form ABS-15G
- FMCC's page on the SEC website