Shares slip after a run-up that followed December disclosure of Pershing Square chief’s plan to end government conservatorship of mortgage insurers.

It could have widespread effects through the housing, banking, and bond markets. Hedge fund managers like Bill Ackman have built huge stakes in the government-sponsored entities.

Freddie Mac has hired Craig Phillips, a former Treasury Department official under the first Trump administration, as executive vice president of corporate strategy and external affairs.

Mortgage rates topped 7% this week, a key psychological threshold, in a sign of the US housing market’s unrelenting affordability challenges.

Craig Phillips worked on early efforts to move the government-sponsored enterprises toward a conservatorship exit during the first Trump administration.

Fannie Mae shares soar 227% as Bill Ackman bets on privatization, fueled by Trump-era policy shifts and Wall Street optimism.

It also surpassed its affordable housing goals with record 2024 volume.

A major US city is tackling it housing crisis with creative house-building projects, including on top of a Costco.

The economy and the markets are complex, and the only way to understand them is to consider more than a few metrics as you piece together the mosaic of crosscurrents that define them.

Biden will hand off an economy that continues to grow at a healthy clip. Real Gross Domestic Product, the broadest measure of economic output, expanded at an annualized rate of 3.1% during the third quarter of last year, according to the most recent data available from the Commerce Department.

We’ll get a clearer sense of how aggressively Trump will pursue his immigration agenda after he takes the oath of office later today.

Brookstone Capital Management reduced its position in Franklin BSP Realty Trust, Inc. (NYSE:FBRT – Free Report) by 20.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 13,761 shares of the company’s stock after selling 3,