United States Real Estate Investor

Hedge Fund Winners Face Middle-Class Homeowner Concerns Wall Street titans are positioning themselves for what could become the most lucrative government privatization in American history. Middle-class homeowners are bracing for potentially devastating consequences to mortgage affordability. Hedge fund profits are reaching unprecedented levels. Firms like Bill Ackman's Pershing Square and John Paulson & Co. hold massive positions in Fannie Mae and Freddie Mac shares. Share prices have surged over 400% in the past year. The momentum for privatization continues to build. The potential windfall represents the largest public equity offering in history. This could create staggering returns for early institutional investors. Meanwhile, homeowner fears are mounting. Advocacy groups warn privatization could eliminate the 30-year fixed-rate mortgage. This mortgage is a cornerstone of American homeownership. Reduced government backing threatens to increase mortgage costs. Affordable loan...