---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/100000000792937.md"
description: "Michael Burry is warning everyone that President Trump's decision could set off the next housing crisisBurry 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 mortgagesThe whole trade comes down to one decision the U.S. Treasury hasn't made yetIf 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 timeIf they don't: both stocks drop to the low single digitsBurry 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"
datetime: "2026-07-13T18:26:07.000Z"
locales:
  - [en](https://longbridge.com/en/topics/100000000792937.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/100000000792937.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/100000000792937.md)
author: "[Michael Burry Tracker](https://longbridge.com/en/profiles/17582432.md)"
generator: "portal-rs"
---

# Michael Burry is warning everyone that President T…


### Related Stocks

- [FNMA.US](https://longbridge.com/en/quote/FNMA.US.md)
- [FMCC.US](https://longbridge.com/en/quote/FMCC.US.md)

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**