Here's the actual FNMA statement from Pershing Square: Annual Report 2023 page 20-21
Fannie Mae (“Fannie”) and Freddie Mac (“Freddie”) Fannie Mae and Freddie Mac remain valuable perpetual options on the companies’ exit from conservatorship. There have been no material updates about the companies since our 2023 Semiannual Report. Pershing Square Holdings, Ltd.Both entities continue to build capital through retained earnings which have increased their combined capital to $125 billion, what is already likely a fortress-level of capital. We continue to believe that the economic and political rationale for Fannie and Freddie’s independence remains intact. The U.S. Presidential election in November 2024 may present the opportunity for a change in the status quo. Both companies’ stock price increases in 2023 and year to date reflect optimism around a potential re-privatization in the event former President Trump is re-elected. The Trump administration had begun the process of releasing Fannie and Freddie from conservatorship, a process which would likely be completed in a future Trump administration.
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