A High-Profile Bet on Fannie Mae’s Future

A notable disclosure from investor Michael Burry, famous for his role in “The Big Short,” has captured market attention. Burry has established a long position in Fannie Mae, signaling a bullish stance on the government-controlled mortgage financier’s long-term recovery. This move comes during a period of significant volatility for the stock, which has been testing key technical support levels.

Reports indicate Burry views the shares as an attractive purchase, with an investment horizon spanning three to five years. His core thesis hinges on the expectation that Fannie Mae could eventually exit its long-standing government conservatorship. Speculation surrounding potential housing finance reforms under a possible Trump administration has recently given Read more...