Here’s Why Federal National Mortgage Assctn Fnni Me And Freddie Mac (FMCC) Stock Are Trading Up Today
Bidness Etc - February 17, 2015 - February 18, 2015
Bidness Etc, By Joshua Griffin
As of 2:48 PM EST, Fannie Mae (OTCBB:FNMA) is trading up by around 23.64%, while the Freddie Mac (OTCBB:FMCC) is trading up by around 23.94%. The buying spree on the mortgage companies come as a result of a New York Times article, accusing the US Department of Justice (DoJ) of not making around 150,000 pages of documents public.
The New York Times report from Gretchen Morgenson raised a number of questions regarding the case against the US Government. Ms. Morgenson questioned the secrecy which has been built around the case.
Read the full article: Here’s Why Federal National Mortgage Assctn Fnni Me And Freddie Mac (FMCC) Stock Are Trading Up Today