Here's Why Fannie Mae and Freddie Mac Stocks Are Rising Today

On Wednesday afternoon, it was reported that the U.S. Treasury Department is getting close to releasing its plan to reform Fannie Mae (NASDAQOTH: FNMA) and Freddie Mac (NASDAQOTH: FMCC). The finalized plan is expected to be announced as early as September.

Investors appear to be pleased with the news. By 10:45 a.m. EDT on Thursday, shares of Fannie and Freddie had risen by more than 9% and 7%, respectively.

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Source Fool.com