President Donald Trump made a lot of promises on the campaign trail, and now that his second term has begun, Wall Street is keeping a close eye on one in particular: the privatization of mortgage companies Fannie Mae (FNMA) and Freddie Mac (FMCC),

It could have widespread effects through the housing, banking, and bond markets. Hedge fund managers like Bill Ackman have built huge stakes in the government-sponsored entities.

Shares slip after a run-up that followed December disclosure of Pershing Square chief’s plan to end government conservatorship of mortgage insurers.

Freddie Mac has hired Craig Phillips, a former Treasury Department official under the first Trump administration, as executive vice president of corporate strategy and external affairs.

Mortgage rates topped 7% this week, a key psychological threshold, in a sign of the US housing market’s unrelenting affordability challenges.

U.S. President-elect Donald Trump said on Thursday he would nominate Bill Pulte to be the next director of the Federal Housing Finance Agency (FHFA).

The economy and the markets are complex, and the only way to understand them is to consider more than a few metrics as you piece together the mosaic of crosscurrents that define them.

Investors have struggled to navigate the election, underlining the difficulty Wall Street so often has with politics.

Wall Street has issued a chilling warning that US homes are selling for 35 percent higher than what they should be based on the dismal stock performance of two large real estate companies.

First, Aaron Back joins Miriam Gottfried and Spencer Jakab to discuss why politicians and investors have different priorities for Fannie Mae and Freddie Mac. Then, Charley Grant explains why Tesla's vehicle delivery shortfall could mean problems for its stock.

The S&P 500 ( ^GSPC) jumped over 0.5% to secure its first all-time closing high of 2025. The Dow Jones Industrial Average ( ^DJI) popped around 0.9%, while the Nasdaq Composite ( ^IXIC) recovered from earlier session losses to finish the day up about 0.2%.

Expanded opportunity zones and a reduction in regulation could boost the sector, but tariffs and mass deportations could bite.