Reported about 20 hours ago
Billionaire investor Bill Ackman has proposed merging Fannie Mae and Freddie Mac to lower mortgage rates and create operational synergies. He believes that combining the U.S. government-sponsored enterprises would minimize costs and governmental oversight risks. With a potential initial public offering, the combined value of both companies could reach nearly $500 billion. Ackman, who has invested in both entities for over ten years, emphasizes the merger's benefits for the housing market.
Source: YAHOO