Shares of Fannie Mae and Freddie Mac fell Monday after Keefe, Bruyette & Woods analysts downgraded the stocks to Underperform. Here's a look at the latest developments for the mortgage giants:
President Donald Trump made a lot of promises on the campaign trail, and now that his second term has begun, Wall Street is keeping a close eye on one in particular: the privatization of mortgage companies Fannie Mae (FNMA) and Freddie Mac (FMCC),
Keefe Bruyette downgraded Freddie Mac (FMCC) to Underperform from Market Perform with a price target of $4.50, up from $4. The firm sees
Shares slip after a run-up that followed December disclosure of Pershing Square chief’s plan to end government conservatorship of mortgage insurers.
Wall Street is keeping a close eye on one in particular: the privatization of mortgage companies Fannie Mae (FNMA) and Freddie Mac (FMCC), which has been under government conservatorship since the ...
Cement your place in history as the “Art of the Deal” president with your biggest deal ever. Hedge fund managers like Bill Ackman have built huge stakes in Fannie Mae and Freddie Mac betting the government-sponsored entities will be privatized by the president-elect at some point in his second term.
Freddie Mac's (FMCC) total mortgage portfolio rose at an annualized rate of 4.8% to $3.58T in December, it disclosed on Monday, accelerating from November's 2.4% increase.
Wall Street has a pitch for Donald Trump: Cement your place in history as the “Art of the Deal” president with your biggest deal ever.
The Senate voted 67-23 over the weekend to consider the hedge fund billionaire's nomination, setting him up for a vote this evening.
MasterCraft's fiscal Q1 results exceeded expectations, with dealer visibility starting to improve. Read why I remain at a Buy rating for MCFT stock.
U.S. President Donald Trump said on Sunday he will impose sweeping retaliatory measures on Colombia, including tariffs and sanctions, after the South American country turned away two U.S. military aircraft with migrants being deported as part of the new U.
The Wall Street Journal says executives reached out to advertisers to detail steps brands could take to keep their ads from appearing near content they deemed inappropriate following the loosening ...