🔴 Fannie Mae is trading 5% down after FHFA announces unified loan-pricing grids and KBW cut its price target

Fannie Mae is trading at $4.17 (-5.23%) today. The decline follows two key developments: * The Federal Housing Finance Agency (FHFA) announced on September 30 that Fannie Mae and Freddie Mac will consolidate separate loan-pricing grids into a single unified structure, putting VantageScore 4.0 on par with FICO Classic for mortgage lending. * KBW cut its price target for Fannie Mae on September 28 to $3.50 from $6.25, maintaining an Underperform rating, citing doubts about privatization and potential dilution. * Noted investor Michael Burry has also recently expressed concerns about the shares lacking nearby support and rising interest rates working against renewed attention to privatization.