Wilbur Ross quits Ocwen Financial

Wilbur Ross quits Ocwen Financial

Distressed asset investor bringing his magic to Bank of Cyprus

Dustin Johnson levels blockbuster claims at title attorneys

Is Nat Hardwick the fall guy?

CFPB proposes 7 big changes to foreclosure process for mortgage servicers

Adds guidance on extended borrower protections
W S
Investments / The Ticker

Investors prepare for GSEs future as private firms

/ Print / Reprints /
| Share More
/ Text Size+

Investors are cashing in on Fannie Mae and Freddie Mac preferred stock, placing bets that both Enterprises will return to private firms. 

Fannie Mae's 8.25% of preferred shares have more than doubled this year to $4.31 on Friday.

"The idea is eventually, as these companies have paid back their debt to the government, they could potentially be turned back on," said Bose George, an analyst at Keefe Bruyette & Woods.

Source: Bloomberg
Read full story

Recent Articles by HousingWire Staff

Comments powered by Disqus