Fannie Mae, Freddie Mac Tank After President’s Housing Speech
Shares of Fannie Mae / Federal National Mortgage Assctn Fnni Me (OTCBB:FNMA) and Freddie Mac / Federal Home Loan Mortgage Corp (OTCBB:FMCC) fell more than 9% each following President Obama’s housing speech today, where he announced a small cut to FHA annual premiums and didn’t mention the GSEs at all (so much for “no news is good news” theory that got thrown around earlier . . .
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