Fannie Mae (FNMA)

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FNMA's biggest shareholder USA Gov. Owns 80% of shares:

the US government owns practically 80% of the two companies. The disclosure came a few weeks after the announcement of the Senate Banking Committee to wind down the GSEs. But Ackman sees the two mortgage giants as essential to the housing industry.

Fannie and Freddie provide liquidity in the 30-year fixed mortgage markets by buying mortgages in the form of securities packaged by lenders. In an interview with Bloomberg, Ackman said: “Preserving the 30-year pre-payable fixed-rate mortgage - it’s like the bedrock of the housing system - is critical. We think the only way to do it is by preserving Fannie and Freddie.”

He asserted that both GSEs should end their fixed-income arbitrage business, which had been affected the most during the housing industry crisis in 2008, causing their respective stock prices to plummet. He said that the mortgage financiers should “focus on guaranteeing middle class mortgages for credit worthy borrowers.”
there are two more pages if you click on the link.

http://www.bidnessetc.com/26599-bill-ackman-a-lastditch-effort-for-fannie-mae-and-freddie-mac-investors/