Fannie Mae, Freddie Mac Investors Hope For Favorable Verdict

Speculators in Fannie Mae / Federal National Mortgage Association (OTCBB:FNMA)'s and Freddie Mac / Federal Home Loan Mortgage Corp (OTCBB:FMCC)'s common stock are gearing up again on hopes a lawsuit will fare better in appellate court or other suits will gain traction.

Both Perry Capital and Fairholme gave indications of pursuing with their suit.

Fannie Mae, Freddie Mac: Court’s dismissal of two suits

As reported on Tuesday, a judge in the U.S. District Court for the District of Columbia dismissed claims brought against the federal government and U.S. officials by Perry Capital LLC and Bruce Berkowitz’s Fairholme Funds Inc. They filed a case for breach of contract over allegedly promised...