Do these 3 things before closing this tab:
1Scan for outdated or missing drivers - takes under a minute2Clear out junk files and repair common Windows errors3Fix the driver behind crashes, sound loss and screen glitchesWhat is the difference between FNMA and FMCC stock? FNMA is Fannie Mae’s common stock ticker; FMCC is Freddie Mac’s. They are separate securities issued by separate companies, but both trade on OTCQB and both companies have been in FHFA conservatorship since September 2008. Each common stock sits behind Treasury’s senior preferred stock, and each is exposed to substantial uncertainty about capital, dilution, governance and the future of conservatorship. The available issuer filings do not establish which stock is more attractive at current prices.
FNMA and FMCC at a glance
Fannie Mae and Freddie Mac are government-sponsored enterprises that support the U.S. mortgage market. Their common shares are not interchangeable: each belongs to a different issuer, has its own financial statements and legal terms, and trades under its own ticker. But the stocks share an unusual investment context. FHFA has served as conservator for both enterprises since September 2008, and Treasury’s senior preferred stock and related agreements affect each company’s capital and the rights of common shareholders.
| Comparison | Fannie Mae (FNMA) | Freddie Mac (FMCC) | Why it matters |
|---|---|---|---|
| Common-stock ticker and quotation | FNMA, quoted on OTCQB, according to Fannie Mae’s 2025 Form 10-K. | FMCC, quoted on OTCQB, according to Freddie Mac’s 2025 Form 10-K. | An OTCQB quotation is not, by itself, evidence of fair value, easy execution or a particular level of liquidity. |
| Conservatorship | FHFA has been conservator since September 2008. | FHFA has been conservator since September 2008. | The conservator’s role and the terms governing a possible exit can affect governance, capital and common-share outcomes. |
| Treasury senior preferred liquidation preference | $227.0 billion at December 31, 2025, according to the 2025 Form 10-K. The filing described an increase to $230.5 billion at March 31, 2026. | $140.2 billion at December 31, 2025, according to the 2025 Form 10-K. | These are enterprise-level preferred claims, not per-share amounts or estimates of common-stock value. The figures are tied to different reporting dates and should not be treated as current balances at another date. |
| Treasury warrant | The 2025 Form 10-K describes a warrant for common shares equal to 79.9% of fully diluted shares under its terms. | The 2025 Form 10-K describes a Treasury warrant for 79.9% of common stock on a fully diluted basis. | Exercise could materially dilute other common holders; the warrant’s existence does not establish whether or when it will be exercised. |
| Recent financial information | Fannie Mae’s second-quarter 2026 Form 10-Q reports $79.8 billion in net worth at June 30, 2026. | Freddie Mac reported $3.8 billion in second-quarter 2026 net income and $78 billion in net worth at June 30, 2026. | Reported earnings and net worth describe the enterprises, not cash available to common shareholders. |
| Current price, valuation and trading liquidity | Not established by the cited issuer filings. | Not established by the cited issuer filings. | A current comparison requires dated market data and a stated valuation method. |
The financial and capital figures above come from the named companies’ filings and releases; the filing period and measurement date matter. For example, Fannie Mae’s stated March 31, 2026 senior preferred amount is not the same-date comparison with Freddie Mac’s December 31, 2025 figure.
As an Amazon Associate I earn from qualifying purchases.
Are FNMA and FMCC the same stock?
No. FNMA identifies Fannie Mae common stock, while FMCC identifies Freddie Mac common stock. One company’s results, charter terms or preferred-stock balances should not be attributed to the other. Investors comparing the tickers are comparing two different issuers, not two share classes in one company.
The stocks nevertheless have common features because both enterprises operate under FHFA conservatorship and both have Treasury senior preferred stock purchase arrangements. Those shared circumstances explain why investors often discuss them together; they do not make the securities identical. In particular, do not assume that a provision described for Fannie Mae’s common shares necessarily applies in precisely the same way to Freddie Mac. Freddie Mac’s own charter and filed stock description are the relevant references for its series-specific terms.
#1 Best Overall
- Compact & Portable Design: This Small Excel, Word, PowerPoint, & Windows Cheat Sheet Mouse Pad measures 11.8" x 9.8", offering a portable mouse pad. Its compact size fits in bags or laptop cases, suitable for professionals, students, or travelers.
- Multi-Software Shortcut Guide: Featuring essential shortcut keys for Excel, Word, PowerPoint, & Windows, this small mouse pad provides a quick reference for frequently used shortcuts, offering a reference designed to support workflow efficiency
- Smooth & Precise Surface: The finely-textured surface ensures precise mouse control, allowing for smooth and accurate movement during work or gaming sessions.
- Durable & Non-Slip Design: This Multi-Software Shortcut Mouse Pad features stitched edges to reduce fraying. The non-slip rubber base helps keep it securely in place, and the water-resistant fabric allows for easier maintenance.
- Clear Print Quality: Displays high-resolution printing intended to remain legible through regular use and cleaning
Why the capital structure matters more than earnings alone
Treasury’s senior preferred claims rank ahead of common
Fannie Mae’s 2025 Form 10-K says its senior preferred stock ranks ahead of common and preferred stock for dividends and liquidation. Fannie Mae reported a senior preferred liquidation preference of $227.0 billion on December 31, 2025; the filing described it increasing to $230.5 billion at March 31, 2026. Freddie Mac reported a $140.2 billion senior preferred liquidation preference on December 31, 2025. These are company-level claims, not amounts owed by each common shareholder, and they are not a direct calculation of what a share is worth.
That priority changes how to read positive earnings or a growing net-worth figure. A company can report substantial earnings and net worth while its common shares remain exposed to senior claims, capital requirements, agreements with Treasury and decisions about how the enterprises may retain or distribute capital. Accounting net worth is not a promise that the amount can be distributed to common shareholders.
Rank #2
- [MULTIFUNCTIONAL]You'll get 2 pieces computer monitor memo boards that you can stick on the left and right edges of your monitor, and they're the perfect office desk organizers and accessories. Computer monitor side panels desktop organizer are suitable for home work or office,bringing convenience. Desktop memo is used to organize meeting memos, important messages, business cards, planning notes.Paste on the message board to keep track of important things and to-do items to prevent forgetting.
- [🌟HIGHLY QUALITY] The material of computer screen side note holder is transparent acrylic. Durable, simple, stylish, light weight, easy to use, not easy to fall off or break. This cute office supplies for women desk can be used for a long time. This computer desk accessories is waterproof and dirt resistance, and look simple and stylish. The transparent acrylic sticky note holder as cubicle accessories is easy to notice the context of your sticky notes.
- [📋Easy to use] Office must haves cool office gadgets for desk ready to tear, easy to install and remove, not easy to leave traces. You only need to peel off the protective film on the surface of the computer side board memo, wipe off the dust on the edge of the computer monitor, and then stick the desk essentials for women office on the right or left side of the tape, and you're done. A perfect gift for your colleagues, friends or classmates and family members or relatives
- [🏢MULTI-SCENE USE] This desk supplies computer memo board can be applied to home and office, clear your office decor for women, suitable for most computer monitors, screens and cabinets, you can put it where you think, this cute office decor serve as a reminder. Stick on the computer side. It’s a good office gadgets can remind work improve office productivity. Pasted cabinets, dressers, refrigerators, walls, etc as cubicle accessories. To make life more orderly.
- [💌NOTE] The adhesive force of the computer sticky note holder is very strong. It can not be directly pasted on the computer screen. It should pasted on the black edge of the screen. Narrow edge not recommended!!! If you are not satisfied with your purchase, or if the product is damaged or broken in transit, please let us know immediately. We will promptly solve your problem.
Treasury’s warrants create potential dilution
Both 2025 Forms 10-K describe Treasury warrants sized at 79.9% of common stock on a fully diluted basis under the respective terms. Fully diluted refers to the share count after accounting for specified potential shares; it is not the same as the current number of shares held by public investors. If exercised under the described terms, the warrants could materially reduce existing holders’ percentage ownership.
The existence of a warrant is a risk factor to model, not proof of a particular future transaction. The cited filings do not establish that Treasury will exercise it, when that might happen, or what other capital restructuring terms might apply. A proposal to change the capital structure would need to be evaluated on its actual terms, including its treatment of existing common shares and any new issuance.
Rank #3
- Stay Organized with Ease: Our To Do List Notepad provides multiple sections with plenty of space to jot down all of your important tasks.A versatile office supply perfect for daily task management, helping you keep track of everything that needs to be done and prioritize effectively.
- Achieve Your Productivity Goals: Begin each day on a positive note, reminding you of your potential, strength, and the significance of staying focused on your goals. Our Daily Checklist Notepad is the ultimate tool to streamline your daily planning and elevate your productivity. With a clear and concise overview of your tasks, you can effortlessly prioritize what truly matters and make consistent strides towards achieving your goals.
- Reliable and Stylish: Our to do list planner combines functionality with durability. With a transparent PP cover, the inner pages are well-protected from dirt and wear. Additionally, the back cover is crafted with thick paperboard, offering a stable surface for your writing needs. Each notepad includes 52 pages of high-quality, 100gsm paper, which is thick and non-bleeding, resulting in a smooth and enjoyable writing experience.
- Versatile Use: This daily checklist notepad, suitable for teacher supplies and a wide range of applications, proves invaluable in various settings including work, school, and home. Whether you need to organize your daily tasks, plan a project, or create a grocery list, this notepad serves as the ideal tool. Its compact size ensures easy portability, allowing you to conveniently carry it with you throughout your day.
- Perfect Present for Anyone: Our Daily To-Do List Notepad is the perfect present for those who value organization and productivity. With its stylish design and versatility, this office desk accessory is also a practical addition to school supplies. Suitable for students, professionals, and homemakers alike, it helps keep tasks and priorities in check effortlessly.
Government support is not a guarantee of common-share value
Treasury’s purchase agreements are important to the enterprises’ liquidity and market access, and the companies’ filings describe restrictions connected with those arrangements. That contractual support should not be described as a government guarantee of FNMA or FMCC common stock. It does not establish that common shareholders will receive a particular recovery, dividend or price.
What the latest reported results do—and do not—show
Freddie Mac’s July 30, 2026 second-quarter results release reported $3.8 billion in net income for the quarter and $78 billion in net worth at June 30, 2026. Fannie Mae’s second-quarter 2026 Form 10-Q reports net worth of $79.8 billion at June 30, 2026. These are issuer-reported measures for the quarter and date stated; they are useful for understanding each enterprise’s reported finances, but they do not resolve the common stocks’ claims, dilution or future policy treatment.
Free tools Windows power users keep installed
One-click scans. No signup required.
Rank #4
- 【Adjustable & Ergonomic】：This laptop stand can be adjusted to a comfortable height and angle according to your actual needs, letting you fix posture and reduce your neck fatigue, back pain and eye strain. Very comfortable for working in home, office and outdoor.
- 【Sturdy & Protective】 ：Made of sturdy metal, it can support up to 17.6 lbs (8kg) weight on top; With 2 rubber mats on the hook and anti-skid silicone pads on top & bottom, it can secure your laptop in place and maximum protect your device from scratches and sliding. Moreover, smooth edges will never hurt your hands.
- 【Heat Dissipation】 ：The top of the laptop stand is designed with multiple ventilation holes. The open design offers greater ventilation and more airflow to cool your laptop during operation other than it just lays flat on the table.
- 【Portable & Foldable】：The foldable design allows you to easily slip it in your backpack. Ideal for people who travel for business a lot.
- 【Broad Compatibility】：Our desktop book stand is compatible with all laptops from 10-15.6 inches, such as MacBook Air/ Pro, Google Pixelbook, Dell XPS, HP, ASUS, Lenovo ThinkPad, Acer, Chromebook and Microsoft Surface, etc.Be your ideal companion in Home, Office & Outdoor.
Freddie Mac CEO Kenny Smith said in the July 30, 2026 results release, “Freddie Mac delivered strong second quarter financial results, reflecting the strength of the business, and disciplined execution against our priorities.” That is management’s characterization of the quarter, not an independent assessment of the common stock’s value.
To compare operating performance more fully, use the same reporting period and read both companies’ financial statements rather than comparing a single headline metric. Net income is a period measure; net worth is a balance-sheet measure. Neither, on its own, shows how much value would ultimately accrue to common holders after senior preferred claims, capital rules and any restructuring or dilution.
Best Value
- Twin-Ball Design : Hiacry gel pen features a double ball conical tip that reduces writing resistance and provides a stable and smooth writing experience. 0.7mm quick drying black ink ensures no jumping, leakage or seepage.
- Quick-Dry Long Lasting Ink：0.7mm black ink can slide effortlessly, dry immediately, & is not easily dirty. It has a high-capacity reservoir (up to 1300 meters), which is very suitable for left-handed & right-handed users.
- Sleek Design for Journaling & Planning: Engineered with a low center of gravity and precision tip for steady ink flow, these journaling pens excel at note-taking, sketching, planning, and more. They combine stylish pens with top-tier performance.
- Rolling Ball Design：The pocket clip with roll ball design can be easily attached to notebook pockets and binders, in addition, the fidget on the pen clip is also a small toy for your daily thinking to relieve stress.
- Comfortable Non-Slip Grip：The ergonomic pen barrel has a soft rubberized coating for a comfortable, non-slip grip, so you won't get fatigued even after long hours of writing.
What conservatorship means for shareholders
Conservatorship is central to the investment case because it affects who controls the enterprises and how their capital and shareholder rights are handled. FHFA remains conservator for both companies; the reviewed filings do not establish a certain end date. A future conservatorship exit is therefore a possibility to assess through scenarios, not a scheduled event investors can treat as assured.
Fannie Mae’s filed description of its common and preferred stock states that common-share voting rights are suspended during conservatorship, common dividends would not be paid during conservatorship, and Treasury consent is required for common dividends. Those specific statements are based on Fannie Mae’s description. For FMCC, investors should consult Freddie Mac’s own current charter and stock description rather than assume identical wording on every right or restriction. The broader capital and governance constraints described in Freddie Mac’s 2025 Form 10-K still make its common stock a security whose outcomes depend on government and contractual arrangements.
If either enterprise leaves conservatorship, existing shareholders’ outcomes would depend on the terms of that change. Relevant questions would include how Treasury’s preferred stock is treated, whether warrants are exercised or modified, whether additional equity is issued, what capital the companies must hold and what rights common shareholders retain. The cited issuer materials do not establish a particular outcome for any of these questions.
How to decide which stock is better for your situation
There is no defensible winner based only on the issuer facts summarized here. Choosing between FNMA and FMCC requires both a current price comparison and a view about uncertain legal, capital and policy outcomes. Recent earnings or net worth alone cannot answer “Which one is a better investment?”
Compare the factors that can change common-share value
- Capital priority: Compare the current senior preferred liquidation preference, other preferred claims and the applicable terms. Keep each balance tied to its measurement date; the December 31, 2025 figures are not a same-date comparison with Fannie Mae’s stated March 31, 2026 amount.
- Dilution: Consider the Treasury warrant and any actual proposed new share issuance or recapitalization. Model what the terms would mean for existing ownership rather than treating a fully diluted percentage as a forecast.
- Governance and distributions: Read each issuer’s current stock and charter descriptions. Establish which voting and dividend provisions apply to that issuer and share series instead of transferring a term from one company to the other.
- Operating performance: Compare the same period’s earnings, credit provisions, guarantees, mortgage portfolio and capital measures in both companies’ filings. A headline result can omit important differences in business performance and risk.
- Price and trading conditions: Check contemporaneous quotations, bid-ask spreads and trading volume. The cited filings do not provide a current price, valuation multiple or comparative liquidity snapshot, and an OTCQB quote alone does not establish execution quality.
- Policy and legal scenarios: Consider a range of possible conservatorship, warrant and capital-structure outcomes. Treat these as assumptions, not known future events, and examine how each scenario affects common shareholders.
Use a dated, issuer-specific comparison
- Start with the latest filings. Read Fannie Mae’s second-quarter 2026 Form 10-Q and Freddie Mac’s second-quarter 2026 results and corresponding filing. Confirm that every number refers to the same reporting period and distinguish quarterly results from period-end balances.
- Map the claims ahead of common stock. Record senior preferred and other relevant claims, their dates and contractual priority. Do not divide an enterprise-level liquidation preference by shares and present the result as a forecast of common recovery.
- Write down dilution assumptions. Include the Treasury warrants and any stated proposed issuance or restructuring terms. Label each item as existing contractual terms, an announced proposal or an unresolved scenario.
- Check the legal terms separately. Use Fannie Mae’s filed securities description for FNMA-specific voting and dividend provisions and Freddie Mac’s stock description for FMCC-specific provisions. Confirm the applicable common-stock series and the document’s date.
- Bring in current market information. For each ticker, use a dated price and investigate trading volume and bid-ask spread before drawing a valuation conclusion. A low nominal share price does not establish that a security is cheap.
- State the assumptions behind any conclusion. Identify the valuation method and the conservatorship, capital and dilution scenario it assumes. If those assumptions change, the relative conclusion may change too.
Common mistakes to avoid
- Calling either common stock government-guaranteed. Treasury’s contractual support arrangements do not guarantee common-share value.
- Treating net worth as common equity available for distribution. The reported figure must be read alongside senior preferred claims, capital rules and the terms that govern distributions.
- Assuming a conservatorship exit is certain or imminent. The cited filings do not give a certain end date or establish the terms of an exit.
- Assuming Fannie and Freddie have identical shareholder rights. Verify provisions in each issuer’s own current stock and charter materials.
- Ranking the stocks from a single quarter’s earnings. Operating results are only one part of a comparison that also depends on price, capital structure, dilution, liquidity and policy outcomes.
- Comparing figures from different dates as if simultaneous. The reported preferred balances have distinct measurement dates; disclose those dates whenever using the amounts.
Sources and scope
The issuer-specific facts in this article are based on Fannie Mae’s 2025 Form 10-K, Freddie Mac’s 2025 Form 10-K, Fannie Mae’s filed description of common and preferred stock, Freddie Mac’s second-quarter 2026 results release dated July 30, 2026, and Fannie Mae’s second-quarter 2026 Form 10-Q. These sources establish the quoted filing and results facts, but they do not provide current FNMA and FMCC prices, a market-liquidity comparison or valuation multiples. Those require separate, dated market information and an explicit valuation approach.
Quick Recap
Product prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on Amazon at the time of purchase will apply.
