It could have widespread effects through the housing, banking, and bond markets. Hedge fund managers like Bill Ackman have built huge stakes in the government-sponsored entities.

In the aftermath of the housing market bubble, the federal government placed Fannie Mae and Freddie Mac under a financial conservatorship to help the housing market recover. Some

Fannie Mae and Freddie Mac, the government-backed mortgage giants, could be headed for privatization under Donald Trump‘s second term, a move experts say might drive mortgage rates higher in a

Political challenges stand in the way of the president-elect pulling off what the hedge fund manager called “the biggest deal he’s ever done.”

Shares of government-backed home loan giants Fannie Mae (OTC:FNMA) and Freddie Mac (OTC:FMCC) experienced a slump on Thursday, even as Bill Ackman from Pershing Square put forward a positive argument for the stocks,