Federal National Mortgage Association

Michael Burry is warning everyone that President Trump's decision could set off the next housing crisis

Burry just published his most detailed note yet on Fannie Mae $Federal National Mortgage Association(FNMA.US) and Freddie Mac $Freddie Mac(FMCC.US)

These are the two government-backed companies that back most American mortgages

The whole trade comes down to one decision the U.S. Treasury hasn't made yet

If the government writes off a $193,000,000,000 debt the companies technically still owe:

• Shares could rise 3-4x immediately

• And up to 6-7x over time

If they don't: both stocks drop to the low single digits

Burry also dug through their SEC filings and found:

• Fannie's bad loan write-offs jumped from $61M to $243M in a single year

• Their biggest mortgage partner had to buy back $221,600,000 in fraudulent loans

📢 𝐉𝐔𝐒𝐓 𝐈𝐍: Better and Coinbase Complete First U.S. Bitcoin-Backed Mortgage Eligible for Fannie Mae - $Better Home & Finance(BETR.US) $Coinbase(COIN.US)

👉 𝐊𝐞𝐲 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬:

➤ Better and Coinbase complete first 𝐛𝐢𝐭𝐜𝐨𝐢𝐧-𝐛𝐚𝐜𝐤𝐞𝐝 U.S. mortgage eligible for Fannie Mae backing.

➤ Borrowers can pledge 𝐛𝐢𝐭𝐜𝐨𝐢𝐧 and 𝐔𝐒𝐃𝐂 as collateral without selling assets.

➤ First loan closed for homebuyers in 𝐀𝐧𝐧 𝐀𝐫𝐛𝐨𝐫, 𝐌𝐢𝐜𝐡𝐢𝐠𝐚𝐧.

➤ Product expected to launch 𝐧𝐚𝐭𝐢𝐨𝐧𝐰𝐢𝐝𝐞 for qualified borrowers by summer 2026.

➤ Structure helps borrowers avoid 𝐜𝐚𝐩𝐢𝐭𝐚𝐥 𝐠𝐚𝐢𝐧𝐬 taxes from asset liquidation.

➤ Coinbase provides 𝐜𝐮𝐬𝐭𝐨𝐝𝐲, compliance, and risk-management infrastructure.

➤ Companies plan to expand support to additional 𝐝𝐢𝐠𝐢𝐭𝐚𝐥 𝐚𝐬𝐬𝐞𝐭𝐬 over time.

💬 𝐄𝐱𝐩𝐞𝐫𝐭 𝐒𝐭𝐚𝐭𝐞𝐦𝐞𝐧𝐭:

“The 30-year fixed mortgage was designed for a generation that kept its savings in a bank account and built equity through a single employer,” said Vishal Garg, Founder and CEO of Better.

“That’s not the financial reality of millions of qualified buyers today that are building real wealth in digital assets.”

“Tens of millions of Americans have built real wealth in digital assets,” said Mark Troianovski, Head of Consumer and Platform Partnerships at Coinbase.

“That wealth now has a direct path to homeownership.”

BREAKING: President Trump announces that he will not let Americans pick up the rising electricity costs for datacenters and that Microsoft $Microsoft(MSFT.US) is “first up” to help fix the problem.

In the past week, we’ve seen Trump announce a number of policies that seem directly focused on affordability:

- Fannie & Freddie QE to get mortgage rates down

- Credit card rates capped at 10%

- Big Corporations can’t buy homes

- Tech companies have to figure out rising electricity bills

The midterms are coming up.

Source: amit

Donald J. Trump Truth Social Post 07:19 PM EST 10/05/25

Before I became President, “OPEC” kept Oil prices high. It wasn’t right for them to do that but, in a different form, is being done again — This time by the Big Homebuilders of our Nation. They’re my friends, and they’re very important to the SUCCESS of our Country, but now, they can get Financing, and they have to start building Homes. They’re sitting on 2 Million empty lots, A RECORD. I’m asking Fannie Mae and Freddie Mac to get Big Homebuilders going and, by so doing, help restore the American Dream!