Sources: Morris Schneider Wittstadt declaring bankruptcy, closing immediately

Sources: Morris Schneider Wittstadt declaring bankruptcy, closing immediately

LandCastle Title’s operations will not be affected

8 avoidable mistakes first-time homebuyers keep making

Stop doing these things

Trending Thursday: CFPB data collection worse than the NSA?

Slowly but surely GSE shareholders cutting into Treasury, FHFA secrecy
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