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Federal National Mortgage Association is Today's Focus Stock on MicroStockProfit.com(September 07, 2010)
DALLAS, Sept. 7, 2010 (GLOBE NEWSWIRE) -- MicroStockProfit.com announces an investment report featuring Federal National Mortgage Association (OTCBB:FNMA). The report includes financial, comparative and investment analyses, and industry information you need to know to make an educated investment decision.
The full report is available at: www.microstockprofit.com/lp/FNMA
Federal National Mortgage Association (FNMA), 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.
Message Board Search for FNMA: http://www.boardcentral.com/boards/FNMA
In the report, the analyst notes:
"FNMA 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.
"U.S. mortgage rates dropped to a record, the 11th straight week of matching or setting a new low, reducing borrowing costs for homebuyers as demand slumps. The average rate for a 30-year fixed mortgage fell to 4.32% in the week ended today from 4.36%, Freddie Mac said last week. That was the lowest since the McLean, Virginia-based company began compiling the data in 1971. The average 15-year rate was 3.83%, also a record."
To read the entire report visit: www.microstockprofit.com/lp/FNMA
See what investors are saying about FNMA at http://www.stockhideout.com
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MicroStockProfit.com is a small-cap research and investment commentary provider. MicroStockProfit.com strives to provide a balanced view of many promising small-cap companies that would otherwise fall under the radar of the typical Wall Street investor. We provide investors with an excellent first step in their research and due diligence by providing daily trading ideas, and consolidating the public information available on them. For more information on MicroStockProfit please visit: http://www.microstockprofit.com
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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