Why it matters
A change in the companies’ government-controlled status could affect U.S. housing finance, but no policy change is reported here. The immediate development described is a rise in their shares.
HOUSING & REAL ESTATE • UNITED STATES
Fannie Mae and Freddie Mac shares rise as Ackman calls for conservatorship exit
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BLUF
Fannie Mae and Freddie Mac shares rallied as investor Bill Ackman pressed for the mortgage-finance companies to leave government control. Ackman said the midterm elections could be a turning point; the article does not report a government decision.
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