Why Freddie (FMCC), Fannie (FNMA) Stock Closed Higher Today

NEW YORK (TheStreet) -- Shares of Freddie Mac (FMCC) and Fannie Mae  (FNMA) closed up today, 6.90% to $4.49, and 7.78% to $4.57, respectively.

In after-hours trading, shares of both Freddie Mac and Fannie Mae are slightly higher.

The move today followed a speech by Mel Watt, director of the Federal Housing Finance Agency that oversees Fannie and Freddie, in which he said the firms will shift their focus toward making more credit available to homeowners.

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FMCC Chart

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FNMA Chart

FNMA data by YCharts

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