Bill Ackman, a well-known hedge fund manager, is about to share his new ideas for Fannie Mae and Freddie Mac. He plans to talk about this during an online event. Ackman thinks his plan will help the government get the most out of these companies. He also believes it will keep mortgage rates stable and make it easier to see how much the Treasury's investment is worth....
In a twist that's got everyone talking, a close friend of Bill Pulte, the head of the Federal Housing Finance Agency (FHFA), is accused of sharing secret mortgage pricing info from Fannie Mae with a rival company. Lauren Smith, who leads marketing at Fannie Mae, is said to have passed on this sensitive data on Pulte's orders. This has sparked a big ethics debate with...
Fannie Mae and Freddie Mac, the big names in the U. S. housing market, might soon go public. This is not new news, but it is gaining traction. These companies have been under government control since the 2008 financial crisis. Now, there's talk about making them public again, possibly by the end of 2025. These two companies are huge. They have over $7 trillion in as...
The Trump administration is looking at the possibility of bringing Fannie Mae and Freddie Mac back to the public market. This could happen as early as the end of 2025. The Federal Housing Finance Agency (FHFA) Director William Pulte mentioned this on a social media platform. Pulte believes that the current administration made a wise choice by not taking these compan...
A young woman made a bold fashion statement at a recent event. Dannielynn Birkhead, now 18, wore a dress that belonged to her late mother, Anna Nicole Smith. This dress was no ordinary gown. It was the same one Anna Nicole had worn 21 years earlier at the Barnstable-Brown Gala. The event took place in Kentucky, just before the famous Kentucky Derby races. The dress ...
In 1903, American mountaineer Annie Smith Peck led an expedition to Bolivia's Mount Sorata (Illampu), aiming for the peak's 6, 367 meters (20, 892 feet). This journey is notable for being one of the first to employ supplemental oxygen on a great mountain. Instead of using heavy oxygen cylinders or rebreathers, the team carried a chemical method to produce oxygen on-s...
Cameron Dicker, known as "Dicker the Kicker, " is making waves in the NFL. Born in Hong Kong and raised in Shanghai, this 24-year-old star for the Los Angeles Chargers has come a long way. Dicker's journey started at Lake Travis High School and continued at the University of Texas, where he made history. His talent has transformed the Chargers' special teams from a w...