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Home » Store » News » Fannie Mae’s Stock Price Continues to Slumber; Value of Outstanding Shares Below Net Assets

Fannie Mae’s Stock Price Continues to Slumber; Value of Outstanding Shares Below Net Assets

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Last December, Fannie Mae’s stock was sitting at about $74 per share – even as its top two executives were on the hot seat after the eruption of an accounting scandal. During the past nine months, the government-sponsored enterprise has overhauled its management team and rebuilt its capital base. But Fannie’s stock has sunk 40 percent – approximately $28 billion in market value – and recent numbers indicate investors don’t consider Fannie worth its…
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