India, May 28 -- Shares of Federal National Mortgage Association (FNMA) gained over 5% on Wednesday morning as President Donald Trump pursues a public offering for mortgage behemoths Fannie Mae and Freddie Mac.
FNMA is currently trading at $11.17, up $0.62 or 5.87%, on the Nadaq. The stock opened its trading at $12.31 after closing Tuesday at $10.55. The stock has traded between $1.02 and $12.40 in the past 52-week period.
Trump also said that the US government would retain guarantees and an oversight role over Fannie Mae and Freddie Mac.
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"I am working on TAKING THESE AMAZING COMPANIES PUBLIC, but I want to be clear, the US Government will keep its impl...