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  • Trump picks Pam Patenaude to serve as HUD deputy secretary

    HousingWire Woman of Influence Pam Patenaude was originally shortlisted to serve as the Secretary of the Department of Housing and Urban Development. That position ended up going to Ben Carson, as HousingWire first reported. Now in another HousingWire first, President Donald Trump plans to install Patenaude in the true position of power at HUD – deputy secretary. Click the headline to read more.

Investments The Ticker

Fairholme boasts of $2.4B stake in GSE stocks

Fairholme Capital Management announced that its clients, including The Fairholme Fund and The Fairholme Allocation Fund, own $2.4 billion per value of Fannie Mae and Freddie Mac stocks.

The company is ready to help with a restructuring that accelerates the return of investors to the secondary mortgage market. 

"Fannie Mae and Freddie Mac are critical to our nation's economic securities, lowering the cost and increasing the availability of homeownership," the company said. 

 

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