The Motley Fool has no position in any of the stocks mentioned. Join the NASDAQ Community today and get free, instant access to portfolios, stock ratings, real-time alerts, and more! You may search for it. Comments from one senator indicate nobody can agree optikns what to do with Fannie and Freddie. Why Did This Billionaire Buy Another 5 Million Shares of Fannie Mae and Freddie Mac?
Federal National Mortgage Assctn Fnni Me OTCMKTS: FNMA and Federal Home Loan Mortgage Corp OTCMKTS: FMCC shares plummeted on Tuesday following an unfavorable court ruling. The ruling blocked a major legal fmcc stock options forward for shareholders. The bull case for FNMA and FMCC is certainly still alive. As it stands today, FNMA stock and FMCC stock are utterly worthless.
Hopeful investors were counting on an appeals court to overturn that decision. The legal window of opportunity for Fannie Mae and Freddie Mac shareholders may have closed a bit this week. At xtock point, shareholders still have two options in the courtroom. First, they can continue to appeal. This route involves either asking for a rehearing from the full appeals court or taking the case up to the Supreme Court.
Of course, this path would involve overturning the decisions of two previous courts. The other legal option may be a bit more realistic at this point. The appeals court threw out the case against the government. But it also ruled that shareholders were free to pursue breach-of-contract claims. Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
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Discover historical prices for FMCC stock on Yahoo Finance. View daily, weekly or monthly format back to when FED HOME LOAN MTG COM USD stock was issued. Image source: Flickr user Oran Viriyincy. What happened. Shares of Fannie Mae (NASDAQOTH:FNMA) and Freddie Mac (NASDAQOTH: FMCC) are up about 30% as. Company Name: Freddie Mac, Stock Symbol: FMCC, Industry: Banking and Finance, Total Posts: , Last Post: 4/11/ PM.