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Fannie Mae Stock |
Fannie Mae stock values have drastically decreased in the fourth quartered of the last year and its consequences can still be felt today. The two entities namely, Fannie Mae and Freddie Mac have been put into forefront of the national media over the last ten months. A multitude of cabinet sessions, congressional hearings, press conferences and government conservatorship have left the Americans confused with what role these enterprises played in the mortgage market.
Fannie Mae Stock Price
Fannie Mae and Freddie Mac are referred to as government sponsored enterprise (GSE) and they are the largest buyers and insurers of mortgage products in the US. A total amount of around $5.3 trillion of mortgage debt, which is about the half of the outstanding mortgages in the country is hold by these two entities. They were initially established and funded by the federal government however now, they operate as public corporations and their stocks are traded in the open market.
Fannie Mae was formed as a part of the Federal Housing Act in 1938 when millions of the low income and middle income citizens were unable to afford or retain a home due to the great depression.
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The Federal National Mortgage Association commonly known as Fannie Mae was created with a mission to buy the mortgages of the banks thereby enabling them to free up more reserves to originates more mortgage options at affordable rates to the home buyers.
Stock in Fannie Mae
Fannie Mae and Freddie Mac together own nearly half the $12 trillion US mortgage. They rank next to the U.S. bonds as the safest and most conservative investments throughout the world. The stock price of Fannie Mae began to fall when a large number of homeowner in the country fails to make their loan repayments. Between the month of May to August of 2008, the stock share of the corporation lost 77% of their value.
Fannie Mae Stock Quote and Symbol
However, they have started improving their condition with some assistance from the federal government. The Obama administration has also announced that it will fully support the corporation to continue providing fund to the mortgage lenders and bankers. Extensive details on the stock quotes and stock symbols of the enterprises could be found on the Internet.
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| MarketWatch | MarketWatch is one of the leading stock information providers that offer online availability. They offer latest details on the stock condition of Fannie Mae on their website.
WebSite:http://www.marketwatch.com/investing/stock/FNM |
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| Forbes.com | Visit Forbes.com to know all about the stock quotes and symbol of Fannie Mae. Get more information at the website of the company.
WebSite:http://www.forbes.com/ |
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