🚨🇺🇸 FANNIE MAE SLASHES JOBS AS HOUSING MARKET TEETERS
US-backed mortgage behemoth Fannie Mae just axed more than 62 workers across departments, calling it a “strategic adjustment.”
Translation: the market’s a mess, and someone’s got to pay for it.
With mortgage rates sky high and homebuyers vanishing, even government backed giants are feeling the squeeze.
Tough times when the folks who finance the American Dream start downsizing it.
Source: Reuters
🚨 🇺🇸 TRUMP ADMINISTRATION EYEING FANNIE MAE, FREDDIE MAC IPO BY END OF 2025
The Trump administration is "opportunistically evaluating" taking Fannie Mae and Freddie Mac public as soon as year-end, FHFA Director William Pulte announced Monday.
The housing giants have been under government conservatorship since 2008.
FHFA Director William Pulte:
"President Trump is opportunistically evaluating an offering this time around, which could be as early as the end of 2025.
We are focused on running them like a business and taking out costs."
Stock prices for both companies have soared 700% since Trump's November election win, hitting a combined $20 billion market value.
The move would end decades of government control over entities backing the majority of American residential mortgages.
Trump attempted this during his first term but didn't execute.
Source: Reuters