The article highlights the potential for Fannie Mae's stock to rise significantly if privatization occurs, with a target price of $31-$34. This is supported by Bill Ackman's analysis. The focus on maintaining low mortgage rates and addressing senior preferred debt are critical factors. Recent government actions, including Scott Turner's push for privatization and Scott Bessent's focus on mortgage rates, are pivotal, suggesting a positive short-term impact on FNMA's stock price.