FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., December 10, 2024. REUTERS/Brendan McDermid/File Photo
NEW YORK: Almost half of investors who buy agency mortgage-backed securities (MBS) say in a survey by JPMorgan Chase & Co they expect Fannie Mae and Freddie Mac will be privatised sometime in the next four years, according to a note.
Another quarter of respondents expect the two companies, known as government-sponsored enterprises (GSEs), to be privatised sometime during the next presidential administration, or between 2029 and 2032, the survey found. And a slightly higher share – about 26% – don’t think the two GSEs will ever be privatised.
