Lates News

Billionaire investor Bill Ackman posted on the X platform on Sunday, suggesting the merger of the government-supported enterprises Fannie Mae and Freddie Mac. He stated that this move would help lower mortgage rates and achieve significant synergies in operations and trading prices. Ackman has held shares of Fannie Mae and Freddie Mac for over a decade, and he believes that the merger would also reduce the government's regulatory costs and risks, as only the Federal Housing Finance Agency would need to regulate a single entity at that time.