Investors await signs that the Trump administration will remove the companies from conservatorship or sell shares in a new offering.

• What's ahead for MBB stock?

Shares of mortgage giants Fannie Mae (FNMA) and Freddie Mac (FMCC) saw huge price surges early Monday after hedge fund manager Bill Ackman posted about the two stocks on social media.

Within that broader view, he singled out Fannie Mae and Freddie Mac as the standout opportunity, calling them "stupidly cheap" and suggesting they could rise tenfold — and potentially do so quickly.

Shares of Fannie Mae (FNMA) and Freddie Mac (FMCC) staged a sharp rebound Monday, clawing back part of a prolonged decline as renewed investor interest followed

The Federal Home Loan Mortgage Corporation and the Federal National Mortgage Association, known as Freddie Mac and Fannie Mae, were each placed into a federal conservatorship during the global financial crisis in 2008. The U.S. directed both companies to delist from the New York Stock Exchange in 2010 after the common shares of both firms dropped below $1.

Federal National Mortgage Association (FNMA) shares are soaring on Mar 30 after billionaire Bill Ackman dubbed the housing-finance giant “stupidly cheap” in a social media post. This high-profile endorsement triggered a huge wave of buying pressure, causing Fannie Mae and its sibling, Freddie Mac, to jump more than 30% on Monday morning.

Fannie Mae and Freddie Mac have built record net worths exceeding $170B combined after years of retaining earnings post-conservatorship. I recommend junior preferred shares like FNMAS, which could reach $25+ on dividend resumption or conversion, based on pro forma IPO valuations. Administrative action, not legislation, is expected to drive the end of conservatorship, with key Trump appointees leading the process.

Fannie Mae will now accept crypto-backed mortgages via a new product by mortgage company Better Home and Finance and Coinbase. CNBC's Diana Olick has the details.

WASHINGTON, March 26, 2026 /PRNewswire/ -- Fannie Mae's (OTCQB: FNMA) February 2026 Monthly Summary is now available. The monthly summary report contains information about Fannie Mae's monthly and year-to-date activities for our gross mortgage portfolio, mortgage-backed securities and other guarantees, interest rate risk measures, and serious delinquency rates.