Bill Ackman, the billionaire founder of Pershing Square Capital Management, proposed on Tuesday a three-step plan for Fannie Mae and Freddie Mac that could still be completed this year, while labeling a stock offering as “not feasible.” Ackman’s plan begins with an agreement letter between the U.S. Department of the Treasury and the Federal Housing […]
Ackman proposes three-step plan for Fannie Mae and Freddie Mac Read More »
FHFA Director Bill Pulte said Friday that Fannie Mae and Freddie Mac will remain in conservatorship, but that the government would seek to sell up to 5% of their shares. Pulte made the remarks at the ResiDay conference in New York City, according to posts on X by ResiClub Co-founder Lance Lambert. Lambert quoted Pulte
Pulte says Fannie, Freddie to remain in conservatorship with IPO plans Read More »
Nearly two years after stepping down and retiring from Fannie Mae, past president David Benson has rejoined the government-sponsored enterprise (GSE) as senior adviser. Benson previously served a 21-year tenure at Fannie Mae in a wide range of positions, including interim CEO, chief financial officer, executive vice president of capital markets and treasurer. Federal Housing
David Benson is back at Fannie Mae Read More »
As the mortgage industry prepares for the Trump Administration’s plans for an initial public offering (IPO) of the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac, U.S. Department of Commerce Secretary Howard Lutnick appeared on CNBC to offer his comments on the subject. During the interview aired Thursday, Lutnick disclosed that the IPO “could well
Commerce Secretary Lutnick says Fannie, Freddie IPO ‘could well be this year’ Read More »
Clifford Rossi speaks from the vantage point of someone who has been inside the government-sponsored enterprises (GSEs). In different periods during the 1990s and 2000s, he served as a senior financial economist at Fannie Mae and as senior director of single-family risk management at Freddie Mac. Rossi was among the earliest advocates of merging the
Ex-GSE risk chief makes case for Fannie-Freddie merger Read More »
In the debate over whether Fannie Mae and Freddie Mac should merge, the Mortgage Bankers Association (MBA) has remained consistent: “We don’t think that would be a good idea,” chief economist Mike Fratantoni said. The trade group supports a stock offering that preserves stability in the secondary mortgage market while advocating for privatization with an
MBA opposes GSE merger, supports explicit government guarantee Read More »
Edge One Capital has disclosed its stake in Fannie Mae and Freddie Mac, calling the government’s prolonged control of the mortgage giants the “largest shareholder rights violation in U.S. history.” It’s also proposing a road map to return them to private ownership without the consequence of higher mortgage rates. The Raleigh, North Carolina–based investment firm’s
Shareholder Edge One Capital proposes Fannie-Freddie exit without higher rates Read More »
Analysts are tempering expectations after reports that the Trump administration aims to sell shares of Fannie Mae and Freddie Mac by the end of 2025 at a combined valuation of $500 billion — more than double some market estimates. They’re concerned about the feasibility of completing all necessary steps by year’s end. Meanwhile, the federal
Trump’s GSE stock offering plan challenged by analysts Read More »
The Trump administration is reportedly aiming for an initial public offering (IPO) of the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac later this year. According to The Wall Street Journal, which spoke to sources familiar with the situation, the Trump administration is preparing to sell stock in Fannie and Freddie. Sources told the outlet
Trump plans IPO for Fannie, Freddie later this year Read More »
President Donald Trump appears to be taking another step to bring Fannie Mae and Freddie Mac out of conservatorship, according to reporting by Bloomberg on Thursday. The president has invited the leaders of some of the country’s biggest banks, including JP Morgan Chase CEO Jamie Dimon, Goldman Sachs Group CEO David Solomon, and Bank of
Trump meets with big bank CEOs to talk about taking the GSEs public: Bloomberg Read More »