Fannie Mae and Freddie Mac Shares Soar on Bessent Restructuring Comments
Treasury Secretary Scott Bessent said restructuring the government-sponsored mortgage-finance companies could happen before President Donald Trump's term ends.
By Joe LightShareholders of Fannie Mae and Freddie Mac have been stuck in purgatory for nearly two decades, desperate for any sign that the U.S. government will make changes allowing them to see the profits of the mortgage-finance giants. U.S. Treasury Secretary Scott Bessent on Tuesday gave them t…