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Bill Ackman Says Short-Term Sale of Fannie Mae and Freddie Mac Shares Impossible

Investor Bill Ackman highlighted limitations in selling shares of U.S. government-backed mortgage firms Fannie Mae and Freddie Mac in the near future.

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Terms & Concepts
  • Fannie Mae: The Federal National Mortgage Association, a U.S. government-backed entity that facilitates the mortgage market by purchasing and guaranteeing loans.
  • Freddie Mac: The Federal Home Loan Mortgage Corporation, a U.S. government-supported company that buys and securitizes home mortgages to support the housing market.
  • Government-backed mortgage financier: An institution supported by the government that provides funding, guarantees, or purchases for mortgage loans, ensuring liquidity in the housing market.