Icahn Buys Fannie Mae, Freddie Mac Shares From Fairholme

Icahn Buys Fannie Mae, Freddie Mac Shares From Fairholme
Image source: CNBC Video Screenshot

Legendary investor Carl Icahn is the latest member to join the GSE ownership club. According to an article published in the Wall Street Journal on Tuesday, June 3rd, Carl Icahn purchased about $50 million of Fannie Mae / Federal National Mortgage Assctn Fnni Me (OTCBB:FNMA) and Freddie Mac / Federal Home Loan Mortgage Corp (OTCBB:FMCC) common stock from Bruce Berkowitz’s Fairholme Fund back in March.

It should be noted that the U.S. Treasury owns unexercised warrants representing almost 80% of the common stock of both GSEs.

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