Shares of Fannie Mae and Freddie Mac fell Monday after Keefe, Bruyette & Woods analysts downgraded the stocks to Underperform. Here's a look at the latest developments for the mortgage giants:
President Donald Trump made a lot of promises on the campaign trail, and now that his second term has begun, Wall Street is keeping a close eye on one in particular: the privatization of mortgage companies Fannie Mae (FNMA) and Freddie Mac (FMCC),
Shares slip after a run-up that followed December disclosure of Pershing Square chief’s plan to end government conservatorship of mortgage insurers.
Cement your place in history as the “Art of the Deal” president with your biggest deal ever. Hedge fund managers like Bill Ackman have built huge stakes in Fannie Mae and Freddie Mac betting the government-sponsored entities will be privatized by the president-elect at some point in his second term.
Wall Street has a pitch for Donald Trump: Cement your place in history as the “Art of the Deal” president with your biggest deal ever.
Mortgage rates remained largely flat this week amid affordability hurdles among homebuyers, showed the latest Freddie Mac Primary Mortgage Survey.
D onald Trump has officially been sworn (back) into office, and Wall Street is optimistic about his potential impact. Regardless of political preferences, all Americans must now c
CHLA Report highlights the vital role of IMBs in driving mortgage access and advocates policies to support underserved borrowers.
The fates of government-backed mortgage giants Fannie Mae (FNMA) and Freddie Mac (FMCC) are still to be determined, with new Treasury Secretary Scott Bessent saying no conservatorship should be indefinite but also not providing any privatization plan during his confirmation hearing.
The real costs of owning a house in neighborhoods that are vulnerable to flooding and wildfires are becoming clearer.
The Senate voted 67-23 over the weekend to consider the hedge fund billionaire's nomination, setting him up for a vote this evening.
MasterCraft's fiscal Q1 results exceeded expectations, with dealer visibility starting to improve. Read why I remain at a Buy rating for MCFT stock.