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  • What Has Triggered Momentum In Fannie Mae (OTC:FNMA)? 0 comments
    Apr 3, 2013 4:34 PM | about stocks: FNMA

    Fannie Mae (OTC:FNMA) made an announcement in March about pricing its third Multifamily DUS® REMIC under its Fannie Mae Guaranteed Multifamily Structures (Fannie Mae GeMS) up to $904.3 million after its mortgage crisis, which triggered the stock in recent trading sessions.

    Senior Vice President of Multifamily Capital Markets stated regarding the Fannie Mae GeMS, that "FNA 2013-M4 is our first GeMS deal to include 10-year DUS pools with 7-years of yield maintenance", and believed to observe the investor's demand to be robust in these classes.

    FNMA is a government-sponsored enterprise which operates in the U.S residential mortgage market and global securities market. The company securitizes the mortgage loans made by lenders in the primary mortgage market into Fannie Mae mortgage-backed securities. It operates in three business segments: Single-Family Credit Guaranty, Multifamily and Capital Markets. The company mainly securitizes the single-family and multifamily mortgage loans.

    Through the consecutive mortgage defamation and housing bubble, FNMA along with FMCC gravitated. The reason behind the decline was granting of credit to anyone asking for it, and then presenting that debt into securities which had highest rating, triple A. But in fact the loans were not triple A and were liable to default, causing everything to breakdown.

    For more information and insights on Fannie Mae, please click here: FNMA

    OTCMagic.com is quickly becoming the preeminent destination for up to date information on the hottest stocks in Penny stock World

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

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