Fannie and Freddie negative outlook upgraded at Fitch


The move comes following Fitch earlier today returning the outlook on the U.S. government's AAA rating to stable from negative. "The housing GSEs are among the most active issuers in the capital markets, benefiting from meaningful financial support from the U.S. government."

Both Fannie Mae (FNMA) and Freddie Mac (FMCC +0.8%) are now AAA with stable outlook.

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Comments (4)
  • eurobondtrading
    , contributor
    Comment (1) | Send Message
     
    on Fitch's upgrade.
    FMCC, FNMA common and Preferred FMCKJ, FNMAS have reversed there downtrend Http://http://bit.ly/1fMV5Hc
    Mortgage REIT's AGNC, NLY, IVR have reversed
    http://bit.ly/1fMV3ip
    MortgagebackedETFS MBB, VMBS have reversed
    Http://http://bit.ly/1fMV3ir
    21 Mar 2014, 04:55 PM Reply Like
  • zachmichaelg
    , contributor
    Comments (2) | Send Message
     
    Celebration time! Release the krakens!
    21 Mar 2014, 04:56 PM Reply Like
  • Palenque
    , contributor
    Comments (395) | Send Message
     
    To Shareholders
    I strongly recommend to read the opinion of Richard "Dick" Bove who is widely considered the most respected banking analyst in America. You can find it here
    http://bit.ly/OBOV6A

     

    or you can google "Fannie Mae, Freddie Mac Will Be Set Free"
    21 Mar 2014, 04:58 PM Reply Like
  • oilman545
    , contributor
    Comments (64) | Send Message
     
    I can understand the government position about GSEs paying back the TARP funds, but the govt does not have the right to kill them if they are profitable. They sold stock to investors who hoped to make a gain on it. The govt can't do anything that is not in the best interests of the stockholders. Buy FNMA, FMCC and hold on to them. The courts are on your side
    21 Mar 2014, 05:17 PM Reply Like
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