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Michael Bright, Structured Finance Assoc. CEO and Fmr.
MCLEAN, Va., May 28, 2025 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today posted to its website its Monthly Volume Summary for April 2025, which provides information on Freddie Mac's mortgage-related portfolios, securities issuance, risk management, delinquencies, debt activities and other investments.
Libby Cantrill, PIMCO head of public policy, joins 'The Exchange' to discuss the future of Fannie Mae and Freddie Mac.
William Pulte, director of the Federal Housing Finance Agency, on Wednesday said that Fannie Mae and Freddie Mac could be worth "trillions of dollars." Pulte's comments came a day after President Donald Trump said he wanted to privatize the companies.
Bill Pulte, Fannie Mae and Freddie Mac chairman, joins 'Money Movers' to discuss the company's future, Trump's plans for the agencies and more.
U.S. President Donald Trump said on Tuesday that the U.S. government will retain its mortgage guarantees and oversight role for Fannie Mae and Freddie Mac as he works to take the U.S. mortgage finance firms public. "I am working on TAKING THESE AMAZING COMPANIES PUBLIC, but I want to be clear, the U.S. Government will keep its implicit GUARANTEES, and I will stay strong in my position on overseeing them as President," Trump said in a post on Truth Social.
I recommend junior preferred shares of Fannie Mae and Freddie Mac, as they offer significant upside and anti-dilution protection in any likely restructuring scenario. Common shares appear overvalued, already pricing in a successful recap and release, with little realistic upside based on my valuation models and government analysis. Trump's administration, with aligned FHFA and Treasury leadership, is poised to decide on recap and release within 90 days, making privatization likely this term.
Analysts have said the move could send serious profits toward the government, while also warning it could slam mortgage rates.
Fannie Mae and Freddie Mac have surged on Trump privatization hopes, but common shares may now be overvalued, especially Fannie Mae. The government's senior preferred shares have a liquidity preference, limiting upside for common shareholders if GSEs are recapitalized. Fannie Mae is downgraded to Sell due to stretched valuation; Freddie Mac remains a Hold given more reasonable pricing.
MCLEAN, Va., May 22, 2025 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey ® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 6.86%.