Company Data
Federal National Mortgage Association FR PRF PERPETUAL USD 50 ā 313586802
Ticker
FNMAO
Current Price
$6.925 -3.15%
Market Cap
$8.0B
Price Target
Refer to Report
Volume
6.3K
52wk Range
$2 - $7.995
Overview
Federal National Mortgage Association Fannie Mae is a nonbank financial services company. Its objective is to tear down barriers, lower costs, and increase the opportunities for homeownership and affordable rental housing for all Americans. The company operates in the secondary mortgage market by purchasing mortgage loans and mortgage-related securities, from mortgage market institutions, such as commercial banks, savings and loan associations, mortgage banking companies, securities dealers, and other investors. It has two business segments namely Single-Family and Multifamily. Most of the revenue is derived from the Single-Family segment.