Author Bio
Bram Berkowitz mainly writes in the financials bureau covering the banking sector. Prior to The Motley Fool, he wrote about and covered community and regional banks in New England for The Warren Group. Follow @BramBerko
What happened
Shares of two government-sponsored entities got creamed today after the Supreme Court threw out part of a case that might have brought tens of billions of profits back to shareholders. The stock of the
Federal National Mortgage Association (OTC:FNMA), or Fannie Mae, fell more than 32% today, while shares of the
Federal Home Loan Mortgage Corporation (OTC:FMCC), or Freddie Mac, fell nearly 37%.
FACT SHEET: Biden-Harris Administration Announces Initiatives to Promote Housing Stability By Supporting Vulnerable Tenants and Preventing Foreclosures
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The Supreme Court is forced to clean up a $124 billion mess of its own making
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Biden to fire Trump-appointed top housing regulator after being given authority by Supreme Court
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