Federal National Mortgage Association (OTC:FNMA) has traded as high as $.31 during today’s trading session and last traded at the high of the day for a gain of 27.27% from Friday’s close… FNMA shares have traded as high as $.96 over the past 52 weeks, which is 67.7% off that high at last traded stock price.
Freddie Mac (OTC:FMCC) has traded as high as $.31 during today’s trading session and last traded at the high of the day for a gain of 21.83% from Friday’s close… FMCC shares have traded as high as $1.00 over the past 52 weeks, which is 69% off that high at last traded stock price. Get my next ALERT 100% FREE
The Obama Administration is expected to close down government involvement in these two housing titans to attract more private funding to mortgage markets. However, it will most likely not happen anytime soon – “It’s going to be a complicated process,” Timothy Geithner said. “We don’t expect to legislate this year.”
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