Fannie Mae Shares Plunge on New Government Mortgage Mandate

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Fannie Mae’s stock experienced a sharp sell-off on Friday as investors reacted to a significant new housing policy directive from the U.S. government. The announcement, seen as a direct intervention into the mortgage financier’s core operations, triggered double-digit percentage losses and reignited concerns over the company’s future profitability and strategic direction.

The downturn was immediate and severe. During Friday’s trading session, Fannie Mae’s equity was down more than 10% at one point, with losses reported at 10.34% by 11:32 AM Eastern Time. By the closing bell, the decline had deepened, settling at a loss of 12.27% for the day.