Trump could finally end one of the oldest financial fights on Wall Street [Yahoo! Finance]
Federal Home Loan Mortgage Corporation (FMCC)
NASDAQ:AMEX Investor Relations:
freddiemac.com/investors
Company Research
Source: Yahoo! Finance
The stocks of Freddie Mac and Fannie Mae — semi-acronyms for Federal Home Loan Mortgage and the Federal National Mortgage Association — have jumped 147% and 120% since Donald Trump's election win, according to Yahoo Finance data. They both play a central role in the US housing market by purchasing mortgages from lenders and re-packaging them as securities, and both fell under government control during the 2008 financial crisis as mortgage defaults soared. Some of Wall Street's most prominent investors, including John Paulson and Bill Ackman, began wagering that the companies would eventually be returned to private control by purchasing common and preferred stock in Fannie and Freddie. They hoped it would happen during the first Trump administration, only to see that effort fizzle. Now some believe a second Trump administration can get it done, even if it still takes some more time. "It is 100%, in my mind, mechanically doable by 2027," said Mark Calabria, the former director
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News
- Existing homes sales jump 3.4% in October, first increase in 3 years [Yahoo! Finance]Yahoo! Finance
- Miami-Dade $1M & Up Existing Condo Sales Continue to Climb; Single-Family Home Sales on Target to Top Last Year's Total [Yahoo! Finance]Yahoo! Finance
- Miami-Dade $1M & Up Existing Condo Sales Continue to Climb; Single-Family Home Sales on Target to Top Last Year's TotalPR Web
- Home sales jumped in October, and housing demand is set to pick up from here, NAR says [Business Insider]Business Insider
- Mortgage rates rise after home sales jump in October [FOX Business Network]FOX Business Network
FMCC
Analyst Actions
- 11/20/24 - Keefe, Bruyette & Woods
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