Yesterday, Fannie Mae announced a $17 billion profit for 2012, a complete turnaround from its near $17 billion loss in 2011. Where did Fannie's newfound profitability come from, and what does it mean for the housing and mortgage markets?
In the following video, Motley Fool financial analysts Matt Koppenheffer and David Hanson tell investors what this complete change of direction means to them, and what they may be buying because of it.
Bank of America's stock doubled in 2012. Could this news on the housing market mean that more is yet to come? With significant challenges still ahead, it's critical to have a solid understanding of this megabank before adding it to your portfolio. In The Motley Fool's premium research report on B of A, analysts Anand Chokkavelu, CFA, and Matt Koppenheffer, Financials bureau chief, lift the veil on the bank's operations, including detailing three reasons to buy and three reasons to sell. Click here now to claim your copy.