Fannie Mae, Freddie Mac cut to Neutral at Mizuho as release date extends (FNMA:OTCMKTS)

Mizuho downgraded Fannie Mae (FNMA) and Freddie Mac (FMCC) to Neutral from Buy based on the likelihood that the government-sponsored enterprises’ privatization by 2028 recedes.

Three key points in analyst Dan Dolev’s thesis are:

• Rising mortgage rates complicate privatization in