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Federal National Mortgage Association (Fannie Mae) is Today's Focus Stock on MicroStockProfit.com(July 06, 2010)
DALLAS, July 6, 2010 (GLOBE NEWSWIRE) -- MicroStockProfit.com announces an investment report featuring Federal National Mortgage Association (Fannie Mae) (NYSE:FNM). The report includes financial, comparative and investment analyses, and recent company news that you need to know to make an educated investment decision.
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The full report is available at: http://www.microstockprofit.com/lp/FNM
FNM's recent volatility has been greater than normal. This is evidenced by the increased distance between the upper and lower Bollinger Bands. These bands measure volatility using standard deviation and a large width is due to high volatility. Additionally, FNM is trading within its Bollinger Bands. This is a normal condition and suggests that the stock is neither overbought nor oversold relative to the recent price action.
Federal National Mortgage Association (FNM) also known as "Fannie Mae" is a government-sponsored enterprise (GSE) chartered by the U.S. Congress to support liquidity and stability in the secondary mortgage market, where mortgage loans are purchased and sold. The Company participates in the secondary mortgage market by purchasing mortgage loans and mortgage-related securities for its mortgage portfolio. It also makes other investments that increase the supply of affordable housing. The Company is organized in three business segments: Single-Family Credit Guaranty, Housing and Community Development (HCD) and Capital Markets. The Single-Family Credit Guaranty segment securitizes single-family mortgage loans into Fannie Mae mortgage-backed securities (MBS) and facilitates the purchase of single-family mortgage loans for the Company's mortgage portfolio.
Message Board Search for FNM: http://www.boardcentral.com/boards/FNM
In the report, the analyst notes:
"FNM reported a net loss of $11.5 billion in the first quarter of 2010, compared with a net loss of $15.2 billion in the fourth quarter of 2009. Including $1.5 billion of dividends on senior preferred stock held by the U.S. Department of Treasury, the net loss attributable to common stockholders was $13.1 billion, or ($2.29) per diluted share, compared with a loss of $16.3 billion, or ($2.87) per diluted share, in the fourth quarter of 2009.
"FNM and Freddie Mac, the mortgage financiers seized by the U.S. government during the financial crisis, have paid $635 million in fees to banks this year, making them Wall Street's biggest capital markets customers in the first half of 2010, according to recent analysis."
To read the entire report visit: http://www.microstockprofit.com/lp/FNM
See what investors are saying about FNM at penny stock forum
MicroStockProfit.com is not a registered investment advisor and nothing contained in any materials should be construed as a recommendation to buy or sell any securities. MicroStockProfit.com is a Web site wholly owned by BlueWave Advisors, LLC. Neither MicroStockProfit.com nor its affiliates have a beneficial interest in the mentioned company; nor have they received compensation of any kind for any of the companies listed in this communication. Please read our report and visit our Web site, MicroStockProfit.com, for complete risks and disclosures.
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