Berkowitz Bets $1.3B On Fannie Mae and Freddie Mac

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HFA Staff
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A recent 13F filing by Bruce Berkowitz’s Fairholme Capital Management LLC shows he has a stake worth $1.3B in Freddie Mac / Federal Home Loan Mortgage Corp (OTCBB:FMCC) and Fannie Mae / Federal National Mortgage Assctn Fnni Me (OTCBB:FNMA), the two housing GSEs. His holdings are valued at $134.45M for the common and $1.17B for the preferred stock of the companies, according to the filing. Taxpayers to be repaid in full by Fannie Mae and Freddie Mac The favorable turn in the housing market has enabled Fannie Mae / Federal National Mortgage Assctn Fnni Me (OTCBB:FNMA) and Freddie Mac / Federal Home Loan…

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