Moody's Downgrades Fannie Mae And Freddie Mac

Moody's Investors Service downgraded Fannie Mae's (NYSE: FNM) and Freddie Mac's (NYSE: FRE) preferred stock and financial strength ratings. Shares of Fannie Mae added 15 cents to close at $5.00 while Freddie Mac stock tumbled 35 cents to close at $2.81.
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