$FNMA

Michael Burry, known for his 'Big Short' bet, disclosed August trades including long positions in MercadoLibre (MELI), Zoetis (ZTS), Lululemon (LULU), and Molina Healthcare (MOH), and short positions in Palantir (PLTR), Nvidia (NVDA), and others. Nine of his 17 long holdings rose, with Veeva (VEEV) up 35.8%, while his short bets faced pressure as AI stocks rallied, with Palantir up 51.4%. Burry adjusted his portfolio, raising cash and managing risk.

Fannie Mae (FNMA) reportedly cut at least 10 senior roles, including top leaders, raising concerns about stability. The departures were not all voluntary, according to The Wall Street Journal. FNMA stock rose 1.62% on Friday. The changes come as FHFA pursues rapid reforms, with Bill Pulte aiming to make Fannie Mae and Freddie Mac publicly traded. The housing market faces uncertainty amid bond selloffs and rising borrowing costs.

Bill Pulte, acting head of the Federal Housing Finance Agency (FHFA), oversaw firings at Fannie Mae, including senior executives, citing operational changes and AI-driven savings. Fannie Mae guarantees $4.1 trillion in U.S. mortgages. Pulte's actions have drawn criticism and sparked investigations, but he retains influence with President Trump.

Fannie Mae dismissed at least 10 senior executives, including its chief economist, citing AI-driven efficiency. The layoffs are part of ongoing leadership changes since Bill Pulte became chairman. Industry sources express concern about potential impacts on operations and risk management. Fannie Mae has not commented.

Fannie Mae (FNMA) reported at least 10 senior-level departures this week, sparking concerns about the company's stability. Sources told The Wall Street Journal that these departures could impact Fannie Mae's ability to maintain market stability.

Fannie Mae raised its long-term mortgage rate forecast, now expecting rates to average 6.8% by 2027, up from 6.3%. This led to a reduction in single-family origination projections to $2.17 trillion. Refinance volume fell to 25% but is expected to rise to 34% by Q4. Fannie also adjusted housing start and sales forecasts, with existing home sales estimated at 4.11 million units in 2026, down from 4.13 million.

Ferronordic Machines shares rose 20.2% to SEK 82 after the company released its Q2 2026 interim report. According to the report, revenue increased 43% year over year to SEK 1.56 billion, operating profit returned to SEK 68 million, and EPS recovered to SEK 3.08. A live investor presentation followed.

U.S. Rep. Tom Kean proposed the MOVE Act to require Fannie Mae and Freddie Mac to purchase and securitize portable mortgages, letting homeowners transfer existing rate, terms and balance to a new property to address the lock-in effect. The article cites Coldwell Banker data on sellers’ mortgage rates and a July 30-year fixed average of 6.81%.

Fannie Mae and Freddie Mac will tighten condo mortgage underwriting. New policies take effect Aug. 3, ending limited streamlined reviews for many projects and requiring full assessments of condo finances, reserves, insurance, and building condition. A separate Jan. 4 rule raises required reserve funding to at least 15% of annual budget from 10%, according to Fannie Mae.

Simply Wall St reports Fannie Mae (FNMA) posted about $4b net income in Q2 2026, citing higher net revenues and lower non-interest expenses. It notes FNMA shares at $5.79, down 47.36% YTD and down 28.96% over three months. A “most followed narrative” sets fair value at $10.50, while another view cites a P/E of 146.4x.