Shares of Fannie Mae rose more than 30% in trading on March 30, 2026, following a series of optimistic comments from prominent investor Bill Ackman. Ackman described the stock as “stupidly cheap” and suggested that its value could potentially increase tenfold, igniting renewed interest among investors.
Prior to Ackman’s remarks, both Fannie Mae and its counterpart, Freddie Mac, had seen their stock prices plummet, down roughly 40% in 2026 alone. This downturn followed a challenging period for the companies, which have been criticized for their treatment by the US government after the financial crisis of 2008.
Ackman, founder of Pershing Square Capital Management, made his comments on the social media platform X, where he emphasized the current market conditions as “one of the best times to buy quality.” His endorsement of Fannie Mae aligns with the recent actions of other notable investors, including Michael Burry, who disclosed a sizable stake in both Fannie Mae and Freddie Mac in December 2025.
Fannie Mae, officially known as the Federal National Mortgage Association, has been a focal point for discussions about the future of the housing market and government-backed mortgage securities. The recent surge in its stock price reflects a growing belief among some investors that the company may be undervalued.
As the market reacts to Ackman’s bullish outlook, observers are keen to see whether this momentum can be sustained. The stock’s performance in the coming weeks will be closely monitored, especially given its recent volatility.
While the immediate future appears promising for Fannie Mae, uncertainties remain regarding the broader economic environment and regulatory landscape that could impact its performance. Details remain unconfirmed.
