“两房”股价连遭重创 特朗普抵押贷款债券指令引发私有化推迟忧虑

Core Viewpoint - The stock prices of Fannie Mae and Freddie Mac have continued to decline due to market concerns over President Trump's policy changes, which may hinder these mortgage finance giants from exiting government oversight [1] Group 1: Stock Performance - Both Fannie Mae and Freddie Mac's common stocks fell approximately 10% in Friday's trading, reaching their lowest intraday levels since late November of the previous year [1] - Fannie Mae has seen a decline for five consecutive trading days, while Freddie Mac has dropped for seven days in a row [1] - Both stocks have decreased over 40% from their peaks in September, although they are still up more than 60% compared to a year ago [1] Group 2: IPO Expectations - The companies had previously experienced significant gains due to optimistic expectations regarding an upcoming IPO, which was rumored to potentially value them at around $500 billion or more [1] - The government was considering an IPO that could raise approximately $30 billion by selling 5% to 15% of shares, which had initially boosted market sentiment [1] - Recent proposals requiring Fannie Mae and Freddie Mac to purchase mortgage-backed securities and doubts about the feasibility of an IPO have dampened this optimism [1] Group 3: Analyst Insights - Matthew Aks from Evercore ISI noted that the narrative of "the IPO is dead" is gaining traction, but it does not represent the complete picture [1] - Aks mentioned that some investors who have been involved in the transaction for a year have made substantial profits and are now choosing to take profits [1] - He still believes there are pathways for investors ahead, describing it as "not a complete IPO, but still avenues for further upside" [1]