Both Fannie and Freddie Big Move August-24-09


NEW YORK (TheStreet) -- Fannie Mae (FNM Quote) and Freddie Mac (FRE Quote) were among the top performers of the financial sector Monday, surging 41.7% and 18.5%, respectively.
Both Fannie and Freddie were benefitting from the Federal Reserve's announcement Friday that it bought $5.6 billion of Fannie, Freddie and Federal Home Loan Bank debt. Fannie shares finished up 50 cents to $1.70, and Freddie rose 32 cents to $2.05
FNM 1.70 0.50 41.67%
FRE 2.05 0.32 18.50%
http://www.thestreet.com/story/10589671/1/fannie-freddie-financial-winners-and-losers.html

Comments

Post a Comment

Popular posts from this blog

Fannie Mae FMCC Freddie Mac FNMA

The over-the-counter common shares of Fannie Mae /quotes/zigman/226360 /quotes/nls/fnma FNMA +21.39% and Freddie Mac /quotes/zigman/226335 /quotes/nls/fmcc FMCC +26.88% nursed heavy losses for a second day, with both dropping by a double-digit percentage. Fannie Mae was down 52% from its high reached during Wednesday's session, and Freddie Mac was down 53% from Wednesday's peak. Neither set of shares are entitled to any dividend payment, all of which goes to the U.S. government under conservatorship http://www.marketwatch.com/story/fannie-freddie-losses-extend-to-second-day-2013-05-30
Read more