Las Vegas, NV -- (SBWIRE) -- 04/16/2013 -- Federal National Mortgage Association (OTC:FNMA) performed impressively by gaining 4.12% and closed at $0.759 in yesterday’s session.
Federal National Mortgage Association stock has remained elevated in the market, hitting the day’s high of $0.79 in its preceding session quite a few times. The stock had remained active throughout the session but the investors did not seem upbeat about the stock and supporting the trade.
The current traded volume stands at 16.04 million shares which is fairly lowers as compared to the average shares of 36.86 million for 30 days. Currently the market capitalization of the company stands at $878.98 million.
Despite the elevated stock, Fannie Mae may face some changes in U.S mortgage finance system soon. Shaun Donovan, Housing and Urban Development Secretary said that the lawmakers and regulators should be coming up with new strategies to renew the U.S mortgage finance system.
He said in an interview, “We need to ensure that we’re doing everything we can to put in place the housing finance system of the future.”
The mortgage financiers Fannie Mae and Freddie Mac, which have been held by the government in 2008 are said to be ‘wound down and replaced’, by President Barrack Obama and as well as Democrats and Republicans in Congress, though no detailed plans have come up to date.
Meanwhile both government-sponsored enterprises have begun posting quarterly profits regularly as the housing market backfires.
To find out what OTCMAGIC projects for Federal National Mortgage Associationfor both short term and long term please click here: FNMA
OTCMAGIC Spends all day scouring the markets for the next huge Penny Stock Winner. Investors have come to trust us for our up to date commentary on all hot stocks so please visit OTCMAGIC right now and see what it’s all about for yourself! At 30,000 Visitors a Month and growing rapidly OTCMAGIC is the hottest thing in OTC Picks!
Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. PLEASE NOTE: OTCMagic.com employees are not registered as an Investment Advisor in any jurisdiction whatsoever. Full disclaimer can be read at http://OTCMagic.com/disclaimer. Release of Liability: Through use of this website viewing or using you agree to hold OTCMagic.com, its operators owners and employees harmless and to completely release them from any and all liability due to any and all loss monetary or otherwise, damage monetary or otherwise, or injury (monetary or otherwise) that you may incur. The information contained herein is based on sources which we believe to be reliable but is not guaranteed by us as being accurate and does not purport to be a complete statement or summary of the available data. OTCMagic.com affiliates may from time to time have a position in the securities mentioned herein and may increase or decrease such positions without notice. Any opinions expressed are subject to change without notice. OTCMagic.com encourages readers and investors to supplement the information in these reports with independent research and other professional advice. All information on featured companies is provided by the companies profiled, or is available from public sources and OTCMagic.com. We make no representations, warranties or guarantees as to the accuracy or completeness of the disclosure by the profiled companies. This is not a solicitation to buy or sell any securities. Any claims or Statements should be deemed hypothetical. OTCMagic.com, nor any of its affiliates are not registered investment advisors or broker dealers.
Copyright © 2005-2014 - SBWire, The Small Business Newswire - All Rights Reserved - Important Disclaimer
Contact Us: 888-4-SBWIRE (US) - 920-593-5640 (International)