Shares of Fannie Mae (OTC:FNMA - Get Free Report) were up 0.8% on Wednesday . The company traded as high as $6.71 and last traded at $6.68. Approximately 2,752,900 shares changed hands during mid-day trading, a decline of 79% from the average daily volume of 12,836,155 shares. The stock had previously closed at $6.63.
Fannie Mae Stock Up 1.5%
The firm's fifty day moving average is $6.44 and its 200 day moving average is $6.38.
About Fannie Mae
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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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