Investors Bidding Up Price of Fannie, Freddie ‘Junior’ Preferred
January 24, 2014
Investors hoping to get in on the Fannie Mae/Freddie Mac preferred stock speculation game may want to bring their wallets. The price of the “junior” preferred is now trading at roughly 40 percent of par compared to 20 percent a few months ago, according to investors in the market.
Is Onity Group eyeing a sale? Perhaps. And why not? Servicing values are approaching a 25-year high.
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