Fannie Mae, Freddie Mac valuation jumps after capital rule finalized
Fannie Mae and Freddie Mac have seen their valuations climb in the days since the Federal Housing Finance Agency finalized the capital rule for them. Common shares of both government-sponsored enterprises climbed more than 30%, while their preferred shares increased by more than 10%.Q3 2020 hedge fund letters, conferences and moreQuestions about Fannie Mae, Freddie Mac valuationAnalyst Dick Bove of Odeon Capital said he would've expected that the preferred shares of Fannie and Freddie would increase more than the common shares, although that's not what happened. He also continues to assume tha...