Fannie Mae (OTC:FNMA) Shares Up 0.2% – Here’s Why

Fannie Mae (OTC:FNMA)’s share price traded up 0.2% on Wednesday . The company traded as high as $6.71 and last traded at $6.63. 2,542,080 shares changed hands during trading, a decline of 79% from the average session volume of 12,334,749 shares. The stock had previously closed at $6.62.

Fannie Mae Stock Performance

The company’s 50 day moving average price is $6.33 and its 200-day moving average price is $6.36.

Fannie Mae Company Profile

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.