Federal National Mortgage Association (OTCMKTS:FNMA) Stock Crosses Below 200 Day Moving Average of $0.56

Federal National Mortgage Association (OTCMKTS:FNMAGet Rating) shares crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $0.56 and traded as low as $0.43. Federal National Mortgage Association shares last traded at $0.43, with a volume of 4,722,452 shares trading hands.

Federal National Mortgage Association Price Performance

The company has a 50-day simple moving average of $0.50 and a 200-day simple moving average of $0.56.

Federal National Mortgage Association Company Profile

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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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