Tough Market Conditions, GSE Status Benefiting Fannie and Freddie Stock Prices, Business Prospects
August 16, 2007
The continued deterioration in the mortgage and credit markets induced by the taint of subprime mortgages is boosting the fortunes – and the stock valuations – of the two largest holders of subprime mortgages: Fannie Mae and Freddie Mac. Freddie had $120.8 billion...