US Stock Market Move | Fannie Mae (FNMA.US) fell nearly 12% in two trading days, with a total decline of 20%.

On Thursday, Fannie Mae (FNMA.US) fell nearly 12%, hitting its lowest level since August 8, with a cumulative decline of 20% over the past two trading days. According to reports, sources revealed that Fannie Mae supervisors are investigating whether the Federal Housing Finance Agency director appointed by Trump, Pool Corporation, improperly obtained mortgage loan records of key Democratic officials including the New York Attorney General. The investigation into Pool Corporation has been escalated to the Inspector General and has been referred to prosecutors. In addition, U.S. homebuilders like PulteGroup and several other companies have stated that the Trump administration's proposed 50-year mortgage loans may reduce monthly payments but increase total interest costs, and unless Fannie Mae and Freddie Mac are authorized to purchase these loans, they will face legal obstacles.