Treasury all of the two entities' profits in perpetuity.
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So long as the net worth sweep remains in place, Fannie Mae's and Freddie Mac's shareholders simply own worthless paper. Many investors have argued that amending the terms of the bailout was unfair, and for good reason.
But nothing has ever really come of it. Fannie Mae and Freddie Mac effectively exist as arms of the U.
An Update on GSE Conservatorship - DSNews
Treasury's coffers. That could soon change, however. In a statement to MarketWatch, an FHFA spokesperson said that Otting had "mentioned, as he previously has, that Treasury and the White House are expected to release a plan for housing that will include details about reform and will likely include a recommendation for ending Fannie Mae and Freddie Mac conservatorships. This is very big news for anyone who owns shares of Fannie Mae and Freddie Mac.
Though details about the plan and a timeline haven't been announced yet, the FHFA spokesperson's statement to MarketWatch suggests there may be light at the end of the tunnel for Fannie Mae's and Freddie Mac's shareholders.
You have a right to be cynical, though. As longtime shareholders or followers of this story may know, there have been countless head fakes surrounding the end of the government's de facto ownership of Fannie and Freddie ever since the net worth sweep was put in place in It's notable that even after rallying today, Fannie Mae and Freddie Mac shares still trade for less than half their highs they set when it became clear that Donald Trump would be the next president of the United States. At the time, his election was believed to put the privatization of Fannie and Freddie on a fast track, and yet, to date, there hasn't been any tangible progress toward returning the two entities' profits to private hands.
Jordan Wathen has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned.
Why Shares of Fannie Mae and Freddie Mac Soared on Friday
The Motley Fool has a disclosure policy. I think stock investors can benefit by analyzing a company with a credit investors' mentality -- rule out the downside and the upside takes care of itself. The main difference between Fannie and Freddie is who they buy mortgages from: Fannie Mae mostly buys mortgage loans from commercial banks, while Freddie Mac mostly buys them from smaller banks, often called "thrift" banks.
The first domino of the Great Recession was toppled on Sept.
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A changing of the guard at the government-sponsored entities' regulator sent shares rising.
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Freddie Mac 8. Feb 19, 5: EST Delayed quote.
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Why Shares of Fannie Mae and Freddie Mac Jumped on Tuesday
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