Federal National Mortgage Association (OTCMKTS:FNMA – Get Rating) shares passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $0.65 and traded as low as $0.56. Federal National Mortgage Association shares last traded at $0.56, with a volume of 1,653,778 shares traded.
Federal National Mortgage Association Stock Performance
The firm has a 50-day simple moving average of $0.60 and a 200 day simple moving average of $0.65.
About Federal National Mortgage Association
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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