Shares of Fannie Mae rose more than 30% in trading on March 30, 2026, marking a significant turnaround for the company. This surge follows comments from renowned investor Bill Ackman, who described Fannie Mae as “stupidly cheap” and suggested that its shares could potentially rise ten-fold.
Prior to Ackman’s remarks, both Fannie Mae and its counterpart, Freddie Mac, had seen their stock prices decline by roughly 40% in 2026. This downturn was largely attributed to ongoing concerns about the housing market and the companies’ financial health.
Bill Ackman, founder of Pershing Square Capital Management, took to social media platform X to express his bullish outlook on Fannie Mae, stating, “One of the best times to buy quality.” His comments have sparked renewed interest among investors, many of whom are now reevaluating their positions in the mortgage finance giants.
Interestingly, investor Michael Burry had disclosed a sizable stake in both Fannie Mae and Freddie Mac back in December 2025, aligning himself with Ackman’s optimistic view. Burry’s endorsement adds weight to the argument that these stocks may be undervalued.
Fannie Mae, officially known as the Federal National Mortgage Association, along with Freddie Mac, the Federal Home Loan Mortgage Corporation, has faced scrutiny and challenges since the financial crisis of 2008, when both companies were placed under government conservatorship.
As the market reacts to these developments, observers are keenly watching to see if Fannie Mae can sustain this momentum. The recent surge in stock price has certainly caught the attention of both retail and institutional investors.
While the optimism surrounding Fannie Mae is palpable, details remain unconfirmed regarding the long-term implications of Ackman’s comments and the overall health of the housing market. Investors are advised to stay informed as the situation develops.
