17 Billion Reasons Fannie Mae Is Looking Up
Yesterday, Fannie Mae announced a $17 billion profit for 2012, a complete turnaround from its near $17 billion loss in 2011. Where did Fannie's newfound profitability come from, and what does it mean for the housing and mortgage markets?
In the following video, Motley Fool financial analysts Matt Koppenheffer and David Hanson tell investors what this complete change of direction means to them, and what they may be buying because of it.
Bank of America's stock doubled in 2012. Could this news on the housing market mean that more is yet to come? With significant challenges still ahead, it's critical to have a solid understanding of this megabank before adding it to your portfolio. In The Motley Fool's premium research report on B of A, analysts Anand Chokkavelu, CFA, and Matt Koppenheffer, Financials bureau chief, lift the veil on the bank's operations, including detailing three reasons to buy and three reasons to sell. Click here now to claim your copy.
The article 17 Billion Reasons Fannie Mae Is Looking Up originally appeared on Fool.com.David Hanson has no position in any stocks mentioned. Matt Koppenheffer owns shares of Bank of America. The Motley Fool owns shares of Bank of America. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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