Fannie Mae, Freddie Mac shares surge after federal agencies reveal privatization path [Yahoo! Finance]
Federal Home Loan Mortgage Corporation (FMCC)
NASDAQ:AMEX Investor Relations:
freddiemac.com/investors
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Source: Yahoo! Finance
U.S. government control since 2008, surged to multi-year highs on Friday after federal agencies revealed a framework for their "orderly" release from conservatorship. The U.S. Treasury Department and the Federal Housing Finance Agency (FHFA) said on Thursday they had amended their agreements with the companies to help ensure that their eventual exit from conservatorship is not disruptive. The agencies would also solicit public comments before either of the so-called "government-sponsored enterprises" is released from federal control, they said. Exiting conservatorship would mark a key milestone for Fannie and Freddie, which were created by the Congress to support the housing market by ensuring affordable mortgage financing, but crumbled after being severely bruised during the 2008 financial crisis. They were bailed out with taxpayer funds, and the Treasury received preferred shares in return. Since then, efforts to return them to private control have continued, including under
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News
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- Mortgage rates kick off 2025 with an increase, nearing 7% [Yahoo! Finance]Yahoo! Finance
FMCC
Analyst Actions
- 11/20/24 - Keefe, Bruyette & Woods
FMCC
Sec Filings
- 1/2/25 - Form ABS-15G
- 12/26/24 - Form 8-K
- 11/25/24 - Form ABS-15G
- FMCC's page on the SEC website