Freddie and Fannie Spike on Good News From Treasury

Freddie and Fannie Spike on Good News From Treasury

$FMCC, $FMNA Fannie Mae and Freddie Mac spiked on good news for investors. US Treasury Secretary Steven Mnuchin said he will soon reach a deal to allow the 2 mortgage giants to retain earnings and a legal victory that gave shareholders renewed hope of getting their hands on some of the companies billions of dollars […]

The Trump Administration Unveils Fannie, Freddie Overhaul

The Trump Administration Unveils Fannie, Freddie Overhaul

$FMCC, $FNMA Thursday, the US Treasury said the government should draw up a plan to begin recapitalizing mortgage giants Fannie Mae (OTCMKT:FNMA) and Freddie Mac (OTCMKT:FMCC), while calling on Congress to develop a comprehensive housing reform that would allow them to be safely freed from government control. The Treasury’s plan, released in a 53-pg report, […]

What’s Up With Fannie Mae & Freddie Mac

What’s Up With Fannie Mae & Freddie Mac

What’s Up With Fannie Mae & Freddie Mac $FMCC Fannie Mae and Freddie Mac may stop paying billions of dollars in dividends to the US government, but if not now when?  Friday, the US mortgage-finance (OTCMKT:FMCC) giants paid a combined $5.1-B to the US Treasury thus extending for another Quarter the government’s sweep of their profits. […]