Michael Burry Bullish on Fannie, Freddie; Predicts Re-listing

• Michael Burry, known from "The Big Short," is bullish on Fannie Mae and Freddie Mac, holding sizable common stock positions.
• Burry believes a re-listing of the US housing-finance giants is "nearly upon us."
• He outlined conditions for a public offering, including easing capital requirements and scaling back government claims.
• Burry's bullish stance is recent, despite his past prediction of the 2008 housing crisis and negative view of Freddie Mac.
• Shares of Fannie Mae and Freddie Mac rose after Burry's blog post.

Why It Matters: Michael Burry's bullish bet on Fannie/Freddie could reshape housing finance.