The drop in their shares raised questions about how difficult and expensive it will be for them to raise needed capital in the future, which fueled further losses in their stock prices. "Fannie Mae and Freddie Mac have lost investor confidence …
we believe this to be overly simplistic and premature." Fannie Mae rose $1.63, or 2.3 percent, to $71.98 on the New York Stock Exchange (search). In the past 52 weeks, the shares have traded in a range of $62.95 to $80.82. Fannie Mae's …
On March 14, Fannie Mae stock was floundering around 50 cents per share. On March 15, the fuse was lit on shares of FNMA as housing legislation rumors swirled around the digisphere. By March 16, the stock jumped 20 percent, and by …
They were delisted from the New York Stock Exchange, but still trade over the counter. And boy do they trade. On an average day, Fannie Mae and Freddie Mac stock have a combined volume of about 25 million shares. If the stocks …
According to a court document released by The Wall Street Journal and CNBC on Tuesday, Carl Icahn jumped on the bandwagon of investors who hold stakes in government sponsored enterprises (GSEs) – Fannie Mae (FNMA) and …
But confidence in the companies has eroded sharply this week. Fannie Mae stock tumbled nearly 14 percent yesterday, to close at $13.20, its lowest price in many years. Freddie Mac stock fell 22 percent, to $8; its shares have lost nearly …
Articles about the Fannie & Freddie preferred trade have been burbling around for a while and I’ve never understood it. …
Bruce Berkowitz’s Fairholme Fund – Ownership of Fannie Mae and Freddie Mac preferred stock Today, shareholders of The Fairholme Fund collectively own $3.4 billion liquidation value of Fannie Mae and Freddie Mac preferred stock. …
NEW YORK (CNNMoney.com) -- Investors in Fannie Mae and Freddie Mac common stock saw their stakes in the mortgage giants plummet in value Monday, a day after the government announced a dramatic rescue of the two …
But the company’s stock tumbled more than 6 percent when the market opened ... From news reports 8:30 a.m.: Commerce Department releases durable goods for March. 10 a.m.: Freddie Mac releases weekly mortgage rates. …