Fannie Mae, Freddie Mac Fall 30%+ As Court Rules In Government’s Favor
February 21, 2017 at 17:22 PM EST
Both Fannie Mae ( FNMA ) and Freddie Mac ( FMCC ) were both down sharply on Tuesday, on the news that a federal appeals court had upheld a previous ruling that prevented shareholders from suing the government over its decision to keep the profits from the two mortgage giants after their bailout. Shares of Fannie Mae were down 34.7% while Freddie Mac slid 38.1%.