Billionaire investor Bill Ackman suggested merging Fannie Mae (FNMA) and Freddie Mac (FMCC), arguing the move would reduce mortgage rates and achieve synergies in operations and trading price, Reuters reports.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FNMA:
- Fannie Mae, Freddie Mac extend gains to 20% each after WSJ report on Trump plans
- Trump admin plans Fannie Mae, Freddie Mac IPO this year, WSJ reports
- Fannie Mae, Freddie Mac shares on OTC markets up after WSJ report on IPO
- Trump Trade: President says Intel CEO ‘must resign, immediately’
- Trump met with Citi, BofA to talk about plans for Fannie, Freddie, Reuters says