From CNBC: 2025-05-28 14:33:00

Palantir Technologies partners with Fannie Mae to detect mortgage fraud. CEO Priscilla Almodovar aims to proactively identify fraud using Palantir’s technology, which has already proven effective. The partnership could potentially expand to include Freddie Mac in the future, according to FHFA director William Pulte. The press release did not disclose the financial terms of the agreement.

The announcement comes amidst discussions about potentially bringing Fannie Mae and Freddie Mac out of conservatorship. Former President Trump expressed interest in taking the companies public while maintaining government guarantees. The move could impact investors and the housing market, potentially leading to lower mortgage rates. The exact plan for the companies’ future remains uncertain.

There are equity shares of Fannie Mae and Freddie Mac that trade over the counter, with investors like Bill Ackman’s Pershing Square holding stakes. The potential privatization of the firms could result in significant profits for shareholders. The path to public ownership for the entities is still being determined, with considerations for their current state of conservatorship.

Read more: Palantir teams up with Fannie Mae in AI push to sniff out mortgage fraud