Shares of the Federal Home Loan Mortgage Corporation (FMCC) have tumbled to a new 52-week low recently. What was once a high-conviction bet on a sweeping privatization story under Donald Trump has quickly unraveled, as delays, policy ambiguity, and shifting priorities cast doubt on whether that long-anticipated transformation will materialize anytime soon.
After surging in 2025 on optimism surrounding a potential IPO and release from government conservatorship, Freddie Mac’s stock has now plunged, down sharply in recent months and hitting its lowest level in over a year as investors reassess the likelihood and timing of reform. The Trump administration’s mixed signals, ranging from plans and orders for Freddie Mac to buy billions in mortgage bonds, only added to the uncertainty.
