Shares of Fannie Mae (FNMA) and Freddie Mac (FMCC) have experienced notable price increases recently, with FNMA rising by 15% in a single day. This surge contrasts with declines in homebuilder stocks and credit rating agency shares. Market participants have suggested that these moves may be driven by insider trading activity. The ongoing conservatorship of the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac has been a subject of debate, with some policymakers, including a member of Congress, supporting the sale of the government's stake to attract private capital. Proponents argue that proceeds from such a sale could be used to support middle-class housing initiatives. The rally in FNMA and FMCC shares, along with related securities such as FNMAS, FNMAT, and FMCKJ, has generated increased market attention amid calls to end the long-standing conservatorship and unlock cash flow from these entities.