Fannie Mae and Freddie Mac shares surge as Ackman pushes for conservatorship exit
Fannie Mae and Freddie Mac shares jumped more than 60% from Oct. 14 as Bill Ackman pushed for an end to conservatorship.
Key facts
- Fannie Mae and Freddie Mac shares each rose more than 60% between Oct. 14 and Monday's close, and both were up roughly 3% on Tuesday.
- Bill Ackman of Pershing Square Capital Management says the midterm elections could be a turning point for ending conservatorship.
- Both entities were placed into conservatorship in September 2008.
- The Treasury Department holds a roughly $388 billion ownership stake that would need an exit plan.
- Treasury Secretary Scott Bessent says any move should be guided by keeping the spread on agency mortgages over Treasuries from increasing.
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Source: Fannie Mae, Freddie Mac rally as Ackman presses for conservatorship exit — CNBC, November 3, 2026. Summary and commentary by RISE Community; read the full story at the source.
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