Fannie Mae-No Politics (FNMA)

[CatBirdSeat]

Bruce Berkowitz Q2 Letter: FNMA, FMCC Prefs 15% Of Portfolio

https://www.valuewalk.com/2014/08/bruce-berkowitz-q2-letter-fnma-fmcc-prefs-15-portfolio/

"Fannie Mae (FNMA) and Freddie Mac (FMCC) preferred stocks and common shares constitute approximately 15% of the Fund’s portfolio. We believe that the two companies may be the most important financial institutions in the United States – perhaps the world – and directly support housing affordability and accessibility, including the uniquely American 30-year fixed-rate mortgage. They are a major reason why our country did not enter a second Great Depression, and are proving to be the most successful taxpayer investments of the Great Recession."