Rochester, NY 8/31/2009 8:04:48 PM
Fannie Mae FNM, Pre market report hit 1.92
Fannie Mae
Fannie Mae, a government-sponsored enterprise, provides liquidity and stability support in the secondary mortgage market, stock market is down 5.88% or 12 cents amounting volume 3,929,047 shares with an average volume of 86,029,200 shares under three month.
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.
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Last Trade: 2.04
Day's Range: N/A - N/A
52wk Range: 0.00 - 7.90
Change: Down 0.12 (5.88%)
Volume: 3,929,047
Avg Vol (3m): 86,029,200
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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