Fannie Mae and Freddie Mac Are Soaring on Monday -- Here's Why
Mortgage giants Fannie Mae (OTC: FNMA) and Freddie Mac (OTC: FMCC) have been some of the best-performing stocks in the market recently, thanks to optimism and anticipation surrounding the Trump administration's plans to overhaul the U.S. mortgage finance system and return the two companies to the private market.
In the past month, the two companies have risen by nearly 50%, and on Monday alone, Fannie and Freddie are up by 23% and 22%, respectively, as of 11 a.m. EDT.
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Source Fool.com