Fannie Mae‘s (FNMA) 8.25% preferred shares climbed to $2.92, reaching the highest since the month of its bailout, when dividends on the notes were suspended.
Fannie Mae’s stock skyrockets
Most Popular Articles
Latest Articles
What happens next for mortgage lenders after the Fed rate cut?
The Federal Reserve did something this week it hadn’t done in more than four years when it lowered the federal funds rate by half a percentage point. But for mortgage industry professionals hampered by fewer sales opportunities since the Fed’s streak of rate hikes began in March 2022, will this be the start of better days?
-
Jared Schwadron leaves Official Partners for Compass
-
Reverse mortgage industry prepares for annual meeting in San Diego
-
FHA head says more housing counselors should have reverse mortgage training
-
Profit margins are up for home flips — but there’s a catch
-
MBA head Bob Broeksmit talks IMB victories ahead of the 2024 election
