Odeon Capital Group Lowers Federal National Mortgage Association (OTCMKTS:FNMA) to Hold

Odeon Capital Group lowered shares of Federal National Mortgage Association (OTCMKTS:FNMAGet Rating) from a buy rating to a hold rating in a report released on Thursday, The Fly reports.

Federal National Mortgage Association stock opened at $0.76 on Thursday. The stock has a fifty day moving average price of $0.78 and a two-hundred day moving average price of $0.86. Federal National Mortgage Association has a 52-week low of $0.70 and a 52-week high of $2.50.

Federal National Mortgage Association Company Profile (Get Rating)

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.

Featured Articles

The Fly logo

Receive News & Ratings for Federal National Mortgage Association Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Federal National Mortgage Association and related companies with MarketBeat.com's FREE daily email newsletter.