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Stock impact report

Bill Ackman Urges Trump To Cut Mortgage Rates By Adding Prepayment Penalties [Yahoo! Finance]

Federal National Mortgage Association (FNMA) 
Company Research Source: Yahoo! Finance
Billionaire hedge fund manager Bill Ackman has proposed a bold suggestion to President Donald Trump and Treasury Secretary Scott Bessent to reduce mortgage rates in the United States by introducing prepayment penalties on government-backed home loans. In a post on X directed at President Trump and Treasury Secretary Bessent on Saturday, Ackman proposed a novel way to lower mortgage rates and spreads. Don't Miss: Fast Company Calls It a ‘Groundbreaking Step for the Creator Economy' — Investors Can Still Get In at $0.85/Share Sam Altman Says AI Will Transform the Economy — This Platform Lets Investors Back Private Tech Early He suggested that the government-sponsored enterprises, Federal National Mortgage Association (OTC: FNMA ), known as Fannie Mae , and the Federal Home Loan Mortgage Corp. (OTC: FMCC ), known as Freddie Mac , should offer non-prepayable mortgages, under which borrowers would be required to pay a penalty if they chose to prepay the loan. President @realDo Show less Read more
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