Howard Lutnick making push for Treasury job, setting up battle with leading contender Bessent [FOX Business Network]
Federal Home Loan Mortgage Corporation (FMCC)
NASDAQ:AMEX Investor Relations:
freddiemac.com/investors
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Source: FOX Business Network
secretary in President-elect Donald Trump's new administration Tuesday morning, but his appointment now hangs in the balance as another contender is making a last-ditch effort to land the job, FOX Business has learned. The contender – CEO of investment bank Cantor Fitzgerald and Trump's transition co-chair Howard Lutnick – is said to be "campaigning hard" behind the scenes to get the coveted role over Bessent, stalling any announcement, according to three people familiar with the matter. The proverbial tug of war between Bessent, 62, and Lutnick, 63, accelerated following Tuesday's announcement of investor John Paulson's exit from the candidate pool over the "complex financial obligations" involving his family office hedge fund, Paulson Capital, which manages his personal wealth that is said to be close to $4 billion. Bessent, meanwhile, runs investment firm Key Square Group, which he founded and had nearly $600 million in assets under management in 2023. Both Paulson, 68, and B
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FMCC
News
- Mortgage rates fall slightly, ending 6-week climb [FOX Business Network]FOX Business Network
- Mortgage rates stay flat as Trump's second term comes into focus [Yahoo! Finance Canada]Yahoo! Finance Canada
- Mortgage rates stay flat as Trump's second term comes into focus [Yahoo! Finance]Yahoo! Finance
- The average rate on a 30-year mortgage in the US slips to 6.78% [Yahoo! Finance]Yahoo! Finance
- Following Elections Results and a Fed Rate Cut, Mortgage Rates Stall [Yahoo! Finance]Yahoo! Finance
FMCC
Sec Filings
- 11/6/24 - Form ABS-15G/A
- 11/6/24 - Form ABS-15G/A
- 11/6/24 - Form ABS-15G/A
- FMCC's page on the SEC website