Rochester, NY 8/28/2009 10:03:56 PM
Fannie Mae FNM, Morning news update up 7.29%
Fannie Mae
Fannie Mae, provides liquidity and stability support in the secondary mortgage market currently at 87,518,414 volume shares and rising. Opened market trade at 2.02 spiking up to1.98.
Fannie Mae, a government-sponsored enterprise, provides liquidity and stability support in the secondary mortgage market in the United States. It securitizes mortgage loans originated by lenders in the primary mortgage market into mortgage-backed .
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Last Trade: 2.06
Day's Range: 1.95-2.04
52wk Range: 0.30-7.95
Change: Up 0.15 (7.81%)
Volume: 193,685,731
Avg Vol (3m): 80,005,400
About Fannie Mae.
Federal National Mortgage Association (Fannie Mae) is a government-sponsored enterprise (GSE) chartered by the United States Congress to support liquidity and stability in the secondary mortgage market, where mortgage loans are purchased and sold. The Company participates in the secondary mortgage market by purchasing mortgage loans and mortgage-related securities for its mortgage portfolio. It also makes other investments that increase the supply of affordable housing. The Company is organized in three business segments: Single-Family Credit Guaranty, Housing and Community Development (HCD), and Capital Markets.
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