Here is his fund report on Mar 2018 (Paulson_fund_March_2018) –The GSEs, Fannie Mae and Freddie Mac, also declined after the US Supreme Court rejected appeals by investors to revive core parts of lawsuits filed against the government over the disputed net-worth-sweep, sending the preferred shares down 12%. Paulson’s view is that the net worth sweep will not likely change until there is a broader plan in place to recapitalise the entities. Since the election, Treasury Secretary Steven Mnuchin has made numerous public statements saying that he wants to address the GSE issue in ways that provide taxpayer protection and mortgage market liquidity. We believe there is considerable upside to our holdings despite potential volatility, and a high probability of a favourable resolution this year.