Fannie Mae will buy 97% LTV mortgages

Fannie Mae will buy 97% LTV mortgages

Credit improvements lead to mortgage product

MBA leaders challenge federal regulators to take action

MBA: It's time for the penalty phase to end

5 things you absolutely need for the MBA convention in Las Vegas

Every one of these is totally necessary
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