Fannie Mae and Freddie Mac: Foreclosing on Investors’ Hopes

The door just slammed shut on hopes of Fannie Mae and Freddie Mac investors.

The two mortgage giants reported fourth-quarter and full-year earnings this week. Fannie reported net income of $2.5 billion in 2015’s fourth quarter, at Freddie it was $2.1 billion.

Investors now have a clearer picture of the companies’ earnings power. Since the…

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