President-elect Donald Trump has made many investors bullish on the market, which has been on an incredible two-year run. Many believe deregulation and corporate tax cuts could create powerful tailwinds, unlocking positive investor sentiment that could propel stocks higher.
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.
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.