Fannie Mae (FNMA) and Freddie Mac (FMCC) were both rising Wednesday morning. This comes after Treasury Secretary Steve Mnuchin said President Trump's administration would be reforming the two agencies in the second half of 2017. Fannie Mae shares were up 2.82% to $2.92 per share, while Freddie Mac shares were up about 3% to $2.77. The two stocks have struggled in recent quarters with Fannie Mae falling 25% year to date and Freddie Mac dropping 26% year to date.
Read Full Article: Fannie, Freddie Stocks Rise Following Mnuchin's Reform Pledge