Fannie, Freddie Shares Tank With Doubts About Trump Plans (1)

Shares of Fannie Mae and Freddie Mac, down about 70% in the last six months, have plunged to their lowest level in more than a year as investors cast doubt on the Trump administration’s efforts to sell more stock in the mortgage-finance giants to the public.

The shares have been on a steep decline since mid-September, shortly after optimism peaked that a public offering for the agencies could come in 2025. That didn’t happen.

In early Thursday trading, Fannie sank as much as 22%, its biggest intraday drop since December 2024. Freddie shed as much as 16%.

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