Fannie Mae (OTC:FNMA - Get Free Report) traded up 4.2% during trading on Tuesday . The company traded as high as $6.51 and last traded at $6.51. 6,319,366 shares changed hands during mid-day trading, a decline of 49% from the average session volume of 12,334,749 shares. The stock had previously closed at $6.25.
Fannie Mae Trading Up 2.5 %
The firm's 50 day moving average is $6.23 and its 200 day moving average is $6.26.
Fannie Mae Company Profile
(
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Federal National Mortgage Association provides a source of financing for mortgages in the United States. It securitizes mortgage loans originated by lenders into Fannie Mae mortgage-backed securities (Fannie Mae MBS). The company operates through two segments, Single-Family and Multifamily. The Single-Family segment securitizes and purchases single-family fixed-rate or adjustable-rate, first-lien mortgage loans, or mortgage-related securities backed by these loans; and loans that are insured by Federal Housing Administration, loans guaranteed by the Department of Veterans Affairs and Rural Development Housing and Community Facilities Program of the U.S.
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