President Donald Trump made a lot of promises on the campaign trail, and now that his second term has begun, Wall Street is keeping a close eye on one in particular: the privatization of mortgage companies Fannie Mae (FNMA) and Freddie Mac (FMCC),

It could have widespread effects through the housing, banking, and bond markets. Hedge fund managers like Bill Ackman have built huge stakes in the government-sponsored entities.

Shares slip after a run-up that followed December disclosure of Pershing Square chief’s plan to end government conservatorship of mortgage insurers.

Freddie Mac has hired Craig Phillips, a former Treasury Department official under the first Trump administration, as executive vice president of corporate strategy and external affairs.

Craig Phillips worked on early efforts to move the government-sponsored enterprises toward a conservatorship exit during the first Trump administration.

Mortgage rates topped 7% this week, a key psychological threshold, in a sign of the US housing market’s unrelenting affordability challenges.

U.S. President-elect Donald Trump said on Thursday he would nominate Bill Pulte to be the next director of the Federal Housing Finance Agency (FHFA).

Wall Street has issued a chilling warning that US homes are selling for 35 percent higher than what they should be based on the dismal stock performance of two large real estate companies.

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Members of the family who own OxyContin maker Purdue Pharma, and the company itself, agreed to pay up to $7.4 billion in a new settlement to lawsuits over the toll of the powerful prescription painkiller,

Top Republicans are passing around a 50-page list of ideas on how to cover the cost of a tax cut and immigration crackdown bill.

Opinion Columnist, The Americas, The Wall Street Journal Ms. O'Grady joined the paper in August 1995 and became a senior editorial page writer in December 1999.