Fannie Mae (OTCQB:FNMA) and Freddie Mac (OTCQB:FMCC) stock are today’s biggest gainers as more details emerge from the Treasury’s reform package.
As we reported last week, FNMA and FMCC stock sunk around 8% following the initial release of the Trump Administration’s plans to reform the two mortgage giants, mostly due to a lack of detail contained in the plans, which failed to excite investors. However, further clarity has been offered by the Treasury Department over the weekend, which has sent both stocks soaring over 40% on Monday.
The biggest issue for investors in FNMA ...
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