NYSE:FBINBuilding
Fortune Brands Innovations (FBIN) Is Up 15.9% After Trump Orders Massive FHFA Mortgage‑Bond Purchases – Has The Bull Case Changed?
In recent days, Fortune Brands Innovations drew attention after President Donald Trump directed the Federal Housing Finance Agency to buy US$200.00 billion in mortgage bonds to counter the Federal Reserve’s mortgage‑backed securities runoff and support U.S. housing affordability.
This large policy move ties the company’s prospects even more closely to government efforts to stabilize housing finance, a key underpinning for renovation and new‑build activity.
We’ll now examine how this large...