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Federal National Mortgage Association (OTCBB:FNMA) Stablizing the Market

 
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Las Vegas, NV -- (SBWIRE) -- 12/24/2013 -- Federal National Mortgage Association (OTCBB:FNMA) is state sponsored mortgage company that operates in several segments like Single-Family business, Multifamily Business and the Capital Markets group.

FNMA stabilizes market by buying and selling mortgage assets. Its activities are carried on in the secondary mortgage market. FNMA buys securities for its mortgage portfolio.

FNMA observes that the housing and thus mortgage industries are settling down. The economy is transiting towards a normal state and the prosperity seems to grow in early 2014. The company says that the economic growth in 2013 seems to have followed the anticipated graph that is 2.2%.

Federal National Mortgage Association hopes that the real economic growth will be 2.7% next year. The Chief Economist of FNMA Doug Duncan says that monetary policy will affect consumer behavior in 2014 as well. He hopes that consumer spending will grow which is main driver of economic growth.

To find out what OTCMAGIC projects for Federal National Mortgage Association for both short term and long term please click here: FNMA

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