Hedge Funds Lobby For Fannie Mae, Freddie Mac Privatization

Fannie Mae / Federal National Mortgage Association (OTCBB:FNMA) and Freddie Mac / Federal Home Loan Mortgage Corp (OTCBB:FMCC) shares have seen increasing action as large investors are showing increased interest in the mortgage giants’ preferred shares. Jonathan Weil in his article in Bloomberg reports that hedge funds such as Paulson & Co have been lobbying for a privatization of the mortgage giants to enhance the value of preferred stocks they bought. Fannie Mae And Freddie Mac Share Value Bruce Berkowitz’s Fairholme Capital Management LLC issued a news release this week indicating it owned junior preferred shares of Fannie Mae / Federal National…