What Raised The FNMA Stock Price On Thursday?
The stock price of Fannie Mae (OTCQB: FNMA) rose 8.56% to $2.41 by yesterday’s close. Contrary to its average monthly volume of 2.96M, trading volume for Fannie Mae stock stood at 9.68M on the day. A focus on improving its mortgage portfolio contributed to the rise in FNMA stock. What were those efforts? Millions of […]
Is this the reason why FNMA stock price dropped on Friday?
Federal National Mortgage Association (FNMA) shares dropped -7.88% to $1.87 in the previous close by the company, which provides mortgage financing in the United States. In other words, Fannie Mae MBS(FNMA)securitizes mortgage loans originated by lenders. The company operates in two segments: single-family and multifamily. Latest Development: The U.S. economy is currently projected to shrink […]