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  • It’s official: Ben Carson accepts nomination as next HUD secretary

    The wait is over — Ben Carson accepted the role of secretary of the U.S. Department of Housing and Urban Development, pending congressional approval. But this isn’t news to HousingWire readers, who knew last week that a source close to Carson confirmed that he would accept the nomination. Click the headline to read more.

Investments The Ticker

Hedge fund offloads entire GSE portfolio

Passport Capital aimed to cut risk

Dollar in the sand

Passport Capital told investors it wanted to cut some risk from the hedge fund.

Therefore, the hedge fund sold off all of its Fannie Mae, Freddie Mac and Ginnie Mae holdings in the second quarter.

According to a letter to investors, obtained by Bloomberg, the decision turned a profit for the firm.

Source: Bloomberg

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