Bill Ackman urged the Trump administration to remove Fannie Mae and Freddie Mac from conservatorship before its term ends, calling the move politically critical and warning a future Democratic administration could use the agencies against Republicans. After his remarks, the firms’ OTC shares rose about 22% and 25%, respectively. Ackman, a long-term holder, said he remains very bullish. Both stocks have fallen roughly 60% YTD amid investor disappointment over stalled progress on release. Treasury

Bill Ackman urged the Trump administration to remove Fannie Mae and Freddie Mac from conservatorship before its term ends, calling the move politically critical and warning a future Democratic administration could use the agencies against Republicans. After his remarks, the firms’ OTC shares rose about 22% and 25%, respectively. Ackman, a long-term holder, said he remains very bullish. Both stocks have fallen roughly 60% YTD amid investor disappointment over stalled progress on release. Treasury Secretary Bessent said this week the government may not resolve the companies’ equity structure until 2027 or 2028 and that preserving mortgage-rate stability remains a priority.