Fannie, Freddie stock plummets after court decision dents shareholders' prospects

Shares of Fannie Mae and Freddie Mac went into free fall on Tuesday after the U.S. Court of Appeals for the District of Columbia Circuit ruled that Fannie and Freddie shareholders cannot pursue many of their claims related to the so-called “Third Amendment sweep.” But despite the drop, both Fannie and Freddie are still trading above where they were prior to the election of President Donald Trump. http://www.housingwire.com/articles/39281-fannie-freddie-stock-plummets-after-court-decision-dents-shareholders-prospects ❤️ #share #mortgage