GSEs Post Sharp Drops in Share Prices in 2005; Analysts Lower Valuations But Still Recommend Buying Stock
January 12, 2006
Fannie Mae’s stock price took a pounding in 2005 as investors fled from the government-sponsored enterprise’s political and regulatory problems. Freddie Mac took a less severe hit to its share price in a market that generally shunned mortgage stocks in anticipation of higher interest rates and cooler housing markets. …