Rochester, NY 9/2/2009 6:57:06 AM
Fannie Mae, FNM, Ends the day at 0.34 cents Down on Volume of 334,084,676 shares
Fannie Mae
Federal National Mortgage Association which participates in the secondary mortgage market by purchasing mortgage loans and mortgage-related securities for its mortgage portfolio, was down 17.62% during the last trading.
The company 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.
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Last Trade: 1.59
Day's Range: 1.52 - 1.90
52wk Range: 0.30 - 7.90
Change: Down 0.34 (17.62%)
Volume: 334,084,676
Avg Vol (3m): 90,415,500
ABOUT Fannie Mae
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 securities, which are bought and sold in the secondary mortgage market.
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