Fannie Mae (OTC:FNMA - Get Free Report)'s stock price was down 9.4% on Thursday . The company traded as low as $7.28 and last traded at $8.48. Approximately 46,908,660 shares changed hands during trading, an increase of 280% from the average daily volume of 12,334,749 shares. The stock had previously closed at $9.36.
Fannie Mae Stock Performance
The stock's 50-day moving average is $8.28 and its two-hundred day moving average is $6.89.
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.
Further Reading
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