Top 5 cities where safety is not a question

Top 5 cities where safety is not a question

Number one shouldn't be a shocker

Where's Watt?

FHFA scorecard should be marked tardy

Rentership society? Insider trading on Russian sanctions?

What We're Reading: The Good Friday edition
W S
Investments / The Ticker

Pershing Square takes big stakes in Fannie, Freddie

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

According to Business Insider, Bill Ackman's hedge fund Pershing Square has taken a 9.77% stake in mortgage giant Freddie Mac, and a 9.98% stake in Fannie Mae.  

"This proposal is about the future," Berkowitz said in a CNBC interview yesterday, later adding, "We are apolitical, we will do it any way government wants."

This after yesterday Bruce Berkowitz of Fairholme Capital Management announced that he and other investors were willing to buy and recapitalize Freddie Mac and its sister company Fannie Mae.

Read full story

Recent Articles by HousingWire Staff

Comments powered by Disqus