Fannie, Freddie Jump After Trump Floats $1 Trillion Valuation
Fannie, Freddie Jump After Trump Floats $1 Trillion Valuation Fannie Mae and Freddie Mac shares jumped on Friday morning after President Trump said late Thursday that the mortgage giants were "probably worth $1 trillion," reviving Wall Street hopes for a long-awaited exit from government control. President Trump praised FHFA Director Bill Pulte on Thursday for turning around Fannie Mae and Freddie Mac, saying the mortgage giants "probably have $1 trillion in value." Full transcri...
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