News list for "Fannie Mae"
According to the Wall Street Journal, high mortgage rates have deterred many would-be home buyers. Now some Democrats are concerned that the Trump administration's new move could push rates even higher. Senators Elizabeth Warren of Massachusetts, Cory Booker of New Jersey and Chuck Schumer of New York have joined forces to call on the Trump administration to suspend the sale of shares in mortgage giants Fannie Mae and Freddie Mac.
Freddie Mac opened up 14% and Fannie Mae rose 18%.
Wall Street's oldest controversy is back on trend. Shares of US mortgage finance giants Fannie Mae and Freddie Midea surged on the US OTC market after a post by billionaire Bill Ackman sparked optimism that the two companies could leave the federal government's custody under Trump 2.0. Shares in Fannie and Freddie rose as much as 40 per cent, the highest since November. "What is particularly interesting about these two companies today is that there is a credible way to get them out of custody in...
