Shares of Fannie Mae (OTC:FNMA) and Freddie Mac (OTC:FMCC) are surging in Monday morning trading, building on momentum from late last week. Here’s what investors need to know.What To Know: The primary catalyst for the rally is a report revealing the Trump administration is seriously considering a plan to sell a portion of its stake in Fannie Mae and its counterpart, Freddie Mac.This move would begin the process of returning the companies to the private sector after more than a decade and a half of government conservatorship, which began during the 2008 financial crisis.The proposed plan, as detailed in reports on Friday, could involve selling between 5% and 15% of the government’s holdings, potentially raising up to $200 billion in what would be one of the largest stock offerings in history. Six major Wall Street banks, including Goldman Sachs and JPMorgan Chase, have presented frameworks for the public offering. The ...Full story available on Benzinga.com
With A Historic Public Offering On The Horizon, Fannie Mae And Freddie Mac's Rally Is Bolstered By Solid Consumer Sentiment Figures
