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Legal hopes give new lift to Fannie, Freddie stock

MarketWatch

July 18, 2014 

 

Common and preferred shares in Fannie Mae and Freddie Mac rose this week after a legal ruling in favor of plaintiffs suing the government, but analysts say investors in the federally controlled mortgage-finance giants may not be any better off in the long run.

On Wednesday Judge Margaret Sweeney in the U.S. Court of Federal Claims ordered that the discovery process in Fairholme Funds’ suit against the government can proceed.

Read Full Article: Legal hopes give new lift to Fannie, Freddie stock