Freddie Mac

Latest Posts

Fannie, Freddie Resume Freefall in Pre-Market Trading 

Jul 15, 2008By

Shareholders in battered housing finance giants Fannie Mae [stock FNM][/stock] and Freddie Mac [stock FRE][/stock] resumed their punishment of the government-sponsored entities early Tuesday morning, as credit fears kept their grip on much of the financial sector ahead of highly-anticipated testimony from Fed chief Ben Bernanke. Freddie was last seen being sold off 20 percent from yesterday’s already depressed close in pre-market trading — shares were at $5.73, down $1.38. Fannie was at $7.99, down 17.9 percent.

What's New?
Updated 11 months ago