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Why Federal National Mortgage Assctn Fnni Me (OTCBB:FNMA) Sold Its Bench Mark Bills?

 
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Las Vegas, NV -- (SBWIRE) -- 12/27/2013 -- Federal National Mortgage Assctn Fnni Me (OTCBB:FNMA) is state sponsored mortgage company that serves Single-Family business, Multifamily Business and the Capital Markets group. Federal National Mortgage Assctn Fnni Me soothes mortgage market by buying and selling mortgage assets. The company operates in the secondary mortgage market. FNMA buys securities for its mortgage portfolio.

FNMA declared that it sold its benchmark bills worth $500 million. The company decreased the interest rates on the bills as compared to bills sold last time.

The company says that other bills are also sold that were worth $500 million. These bills are due March 26, 2014 with 0.080 percent stop-out rate.

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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