Fannie Mae-No Politics (FNMA)

[navycmdr]

Published 02/06/2025, 10:43 AM

Fannie Mae and Freddie Mac shares see double-digit growth after WSJ report
© Reuters.

FMCC - 15.96%

FNMA - 14.55%

Investing.com -- Shares of Fannie Mae (OTC:FNMA) and Freddie Mac (OTC:FMCC) experienced substantial growth on Thursday, following a report from the Wall Street Journal stating that Scott Turner, the head of the Department of Housing and Urban Development (NSE:HUDC), revealed that privatizing the companies will be a priority.

Fannie Mae's shares saw an increase of up to 21%, while Freddie Mac's shares gained as much as 22%.

This significant growth is the latest in a series of jumps for both companies, which have seen their stock prices increase by over 400% since the presidential election on November 5.

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