Looking For A Double? This Might Be It
A Bullish Case for Fannie Mae (OTCBB:FNMA) By Jason Bond of JasonBondPicks.com It has been a rollercoaster ride for Fannie Mae’s (OTCBB:FNMA) common stock holders this year. FNMA, along with Freddie Mac (OTCBB:FMCC), has registered record profits in recent quarters, thanks to the recovery in the housing market. This has enabled FNMA, as well as FMCC, to return a significant portion of the bailout money the mortgage giants received at the peak of the financial crisis. I’m up 33% in 2013, JOIN my FREE email list Record profits at FNMA also led to speculation that the mortgage giant will eventually exit government control. Not surprisingly, FNMA shares have seen a huge rally since the start of 2013. Year-to-date, the stock has gained more than 535%. However, the party was recently spoiled after a bipartisan group of senators presented a plan that would eventually wind down FNMA and FMCC. The question […]