Investor Michael Burry, known for "The Big Short," said on Monday he owns sizable positions in Fannie Mae and Freddie Mac and expects them to rise materially if the U.S. mortgage finance giants are taken public again through initial public offerings.
Investor Michael Burry, known for "The Big Short," said on Monday he owns sizable positions in Fannie Mae and Freddie Mac and expects them to rise materially if the U.S. mortgage finance giants are taken public again through initial public offerings.
The U.S. Congress' watchdog said this week it will investigate whether Federal Housing Finance Agency Director Bill Pulte abused his position and government resources to accuse President Donald Trump's perceived enemies of crimes, according to a letter from the agency reviewed by Reuters.
Pershing Square Capital Management founder Bill Ackman said on Tuesday that proposals to sell a piece of the U.S. mortgage agencies Fannie Mae and Freddie Mac in an initial public offering is not possible in the short term.
Pershing Square Capital Management founder Bill Ackman said on Tuesday that proposals to sell a piece of the U.S. mortgage agencies Fannie Mae and Freddie Mac in an initial public offering is not possible in the short term. "The sale of a piece of these companies to the public is neither feasible nor desirable at this moment," Ackman said during a presentation posted on X on Tuesday.
* Fannie Mae officials found no clear evidence of fraud against James. * James faces charges of bank fraud, denies allegations. * Pulte accused of abusing position to target James. By Sarah N. Lynch and Andrew Goudsward.
Eight Democratic U.S. senators on Monday asked a congressional watchdog to "promptly" investigate whether Federal Housing Finance Agency Director Bill Pulte misused his authority by making criminal referrals against perceived opponents of President Donald Trump.
SLM Corp (SLM): * SALLIE MAE LAUNCHES PRIVATE CREDIT STRATEGIC PARTNERSHIP WITH KKR. * SALLIE MAE - KKR TO PURCHASE $2 BILLION IN EDUCATION LOANS ANNUALLY Source text: Further company coverage:
Walker & Dunlop Inc (WD): * Walker & Dunlop Inc (WD) - ARRANGES $625.3 MILLION LOANS FROM FREDDIE MAC TO REFINANCE EIGHT MULTIFAMILY PROPERTIES IN SIX HIGH-GROWTH U.S. MARKETS Source text: Further company coverage:
The political appointee leveling fraud accusations against perceived opponents of President Donald Trump enlisted a man who'd once been convicted of a felony sex offense as a consultant to mortgage giants Fannie Mae and Freddie Mac, according to six people familiar with the role.
MFA acquired $1.2 bln of residential mortgage assets, including $453 mln of Non-QM loans and $473 mln of Agency MBS at attractive yields
* CREDIT LOSSES - Distributable earnings impacted by ...
By Sarah N. Lynch, Chris Prentice and Marisa Taylor. The internal watchdog for the U.S. Federal Housing Finance Agency is being removed from his role, four people familiar with the matter said, at a time when the housing regulator is playing a role in President Donald Trump's targeting of perceived political enemies.
The internal watchdog for the U.S. Federal Housing Finance Agency is being removed from his role, four people familiar with the matter said, at a time when the housing regulator is playing a role in President Donald Trump's targeting of perceived political enemies.
-U.S.?government-sponsored mortgage enterprise Fannie Mae has cut more than 62 jobs across departments, including Information Technology,?and Diversity, Equity and Inclusion, Federal Housing Finance Agency Director William Pulte said on Thursday. "We, like any business, must eliminate positions that are not core, or otherwise, to mortgages and new home sales.
U.S. government-sponsored mortgage enterprise. Fannie Mae. has cut more than 62 jobs across departments, including Information Technology, and Diversity, Equity and Inclusion, Federal Housing Finance Agency Director William Pulte said on Thursday. "We, like any business, must eliminate positions that are not core, or otherwise, to mortgages and new home sales.
The Trump administration has fired about a dozen officials within Fannie Mae's ethics and internal investigations unit, the Wall Street Journal reported on Thursday, citing people familiar with the matter.
U.S. single-family house prices increased in August even as supply has improved significantly, suggesting affordability would remain a challenge for many prospective home buyers. ?. House prices rose 0.4% on a month-over-month basis, the Federal Housing Finance Agency said on Tuesday.
Federal National Mortgage Association (FNMA) : * FANNIE MAE NAMES CHIEF OPERATING OFFICER, PETER AKWABOAH, TO ACTING CEO AND PROMOTES JOHN ROSCOE AND BRANDON HAMARA, TO CO-PRESIDENTS Source text: Further company coverage:
-U.S. President Donald Trump's administration is "opportunistically evaluating" a public offering for Fannie Mae and Freddie Mac, possibly as soon as end-2025, Federal Housing Finance Agency Director William Pulte said on Monday."
U.S. President Donald Trump's administration is "opportunistically evaluating" a public offering for Fannie Mae and Freddie Mac, possibly as soon as end-2025, Federal Housing Finance Agency Director William Pulte said on Monday.
Agency MBS outperformed U.S. Treasuries, contributing to AGNC's strong economic return on tangible common equity
* CAPITAL MARKETS ACTIVITY - AGNC raised $345 mln through Series H Preferred ...
Federal Home Loan Mortgage Corp (FMCC) : * FREDDIE MAC ANNOUNCES RESULTS OF TENDER OFFER FOR CERTAIN STACR NOTES. * FREDDIE MAC - AS OF OCT 16 $1.2 BILLION AGGREGATE PRINCIPAL AMOUNT OF NOTES TENDERED Source text: Further company coverage:
U.S. mortgage rates fell this week, but an uncertain economic outlook and tepid hiring are keeping prospective homebuyers on the sidelines. The average rate on the popular 30-year fixed-rate mortgage dropped to 6.30% from 6.34% last week, mortgage finance agency Freddie Mac said on Thursday.
U.S. mortgage rates fell this week, but an uncertain economic outlook and tepid hiring are keeping prospective homebuyers on the sidelines. The average rate on the popular 30-year fixed-rate mortgage dropped to 6.30% from 6.34% last week, mortgage finance agency Freddie Mac said on Thursday.
Federal Home Loan Mortgage Corp (FMCC) : * FREDDIE MAC ANNOUNCES TENDER OFFER FOR ANY AND ALL OF CERTAIN STACR NOTES. * FREDDIE MAC - TENDER OFFER PERIOD FROM OCTOBER 9 TO OCTOBER 16, 2025 Source text: Further company coverage:
-President Donald Trump on Sunday urged U.S. mortgage financing companies Fannie Mae and Freddie Mac to "get Big Homebuilders going," saying without providing evidence that U.S. builders were "sitting on 2 Million empty lots, a RECORD." It was unclear exactly what action Trump expected builders or the mortgage giants to take.
-President Donald Trump on Sunday urged U.S. mortgage financing companies Fannie Mae and Freddie Mac to "get Big Homebuilders going," saying without providing evidence that U.S. builders were "sitting on 2 Million empty lots, a RECORD." It was unclear exactly what action Trump expected builders or the mortgage giants to take.
President Donald Trump on Sunday urged U.S. mortgage financing companies Fannie Mae and Freddie Mac to "get Big Homebuilders going," saying without providing evidence that U.S. builders were "sitting on 2 Million empty lots, a RECORD." It was unclear exactly what action Trump expected builders or the mortgage giants to take.
-The U.S. Federal National Mortgage Association, known as Fannie Mae, said on Friday that board member Karin Kimbrough resigned from her position on September 22. It did not provide additional details regarding the resignation. The Trump administration has been weighing initial public offerings of Fannie Mae and Freddie Mac for later this year, a senior official told Reuters in August.
The U.S. Federal National Mortgage Association, known as Fannie Mae, said on Friday that board member Karin Kimbrough resigned from her position on September 22. It did not provide additional details regarding the resignation. The Trump administration has been weighing initial public offerings of Fannie Mae and Freddie Mac for later this year, a senior official told Reuters in August.
Mortgage finance firm Freddie Mac's Michael Hutchins will remain in the roles of interim chief executive and president until a permanent CEO is appointed or until December 19. The tenure extension, disclosed in a company regulatory filing on Friday, comes as the federal government-backed home mortgage firm searches for a permanent chief.
In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.
Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.
Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.
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