Bill Ackman anticipates that US President-elect Donald Trump will remove Fannie Mae and Freddie Mac (OTCQB:FMCC) from conservatorship, potentially converting them into private entities. Following Ackman's remarks on social media platform X, Fannie Mae and Freddie Mac stock surged 36% and 34% respectively.
Fannie Mae FNMA and Freddie Mac FMCC shares soared on Monday afternoon after billionaire investor Bill Ackman touted the stocks on social media.
CNBC's Diana Olick joins 'Closing Bell' to discuss tweets from Pershing Square CEO Bill Ackman on Fannie Mae and Freddie Mac.
Bill Ackman expects U.S. President-elect Donald Trump to remove Fannie Mae and Freddie Mac from conservatorship, potentially making them private companies again, the billionaire investor said on Monday.
Home buyers are expected to see more for-sale listings and lower mortgage rates in 2025.
Fannie Mae and Freddie Mac know increasing floods and wildfires are a problem. Dealing with them, however, would require trade-offs.
CNBC's Diana Olick joins 'Power Lunch' with the latest on the incoming administration's plans for housing.
The conforming loan limit (CLL) for mortgages backed by Freddie Mac and Fannie Mae will rise by 5.2% next year to over $800,000, the Federal Housing Finance Agency announced Tuesday.
Ackman and his fund Pershing Square Capital Management hold two over-the-counter stocks that have strongly benefited from Trump's win.
Investors are betting that the president-elect will push to remove the companies, from their Federal Housing Finance Administration conservatorship.
Freddie Mac is a GSE that provides mortgage financing to the American real estate market. FMCC shares surged 39% after Trump's re-election, as investors bet on a potential privatization of the company. With the company hugely profitable, Freddie Mac's equity could be very valuable, hence the interest in a privatization plan.
Investors are positioning their portfolios for the political regime to come.