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Real Estate News Releases
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(CHARTPOPPERS.COM, December 30, 2009 ) Point Roberts, WA - Chartpoppers.com announces an investment report featuring company Fannie Mae (NYSE: FNM)
The Consolidated Investment Analysis on Fannie Mae (NYSE: FNM) will be in particular interest to other competing companys within in its sector, such as Bank of America (NYSE: BAC), JP Morgan Chase ( NYSE: JPM) and Ameican International Group (NYSE: AIG)
Fannie Mae, a government-sponsored enterprise, provides liquidity and stability support in the secondary mortgage market in the United States. It securitizes mortgage loans originated by lenders in the primary mortgage market into mortgage-backed securities, which are bought and sold in the secondary mortgage market. The company operates in three segments: Single-Family Credit Guaranty, Housing and Community Development, and Capital Markets.
Recent News on Fannie Mae (NYSE: FNM)
Fannie Mae and Freddie Mac opened sharply higher for a second straight day Tuesday.
Freddie Mac shares were up 2.19% to $1.63 on volumes of 28 million shares just after the opening bell. That compares to a trailing three-month average daily volume of 24 million shares. Fannie Mae shares were up 5.12% to $1.34 on volumes of 51 million shares, vs. a 39 million share daily average over the past three months.
The surge appears to be a continuation of Monday's rally, following an announcement by the Treasury Department that it had lifted a $200 billion cap on the amount of funding it would provide to the mortgage giants.
Despite the recent surge, Fannie and Freddie common shares are thought by most serious investors to be essentially worthless, as they owe the government a combined $111 billion between them. The shares remain well off their 52-week highs, set in late August.
The stock prices of both companies rallied inexplicably in August and September on surges in volumes, as did shares of other seriously troubled companies likeCitigroup, AIG and MBIA.
To view the Consolidated Investment Analysis on Fannie Mae (NYSE: FNM) Please visit the stock pulse page at www.chartpoppers.com
In the report chartpoppers.com covers a recent Financial Summary, Analyst Consensus, Technical Analysis, Comparative Analysis and Insider Trading Activity.
The full report is available at www.chartpoppers.com
Chartpoppers.com is a market research and investment commentary provider. Chartpoppers.com aims to bring undervalued, up and coming companies into the sight of both experienced and non-experienced investors. Our diligent effort is to help investors, at whatever stage in their careers, to get a grasp on the necessary financial data that they need in order to make a educated investment decision. From our daily trading ideas and penny picks to a in depth coverage of whatÂ’s going on in the markets, we are sure that chartpoppers.com is exactly what you need in order succeed.
For More information please visit us at www.chartpoppers.com/about/
Chartpoppers.com Disclosure
DO NOT BASE ANY INVESTMENT DECISION UPON ANY MATERIALS FOUND ON THIS REPORT. We are not registered as a securities broker-dealer or an investment adviser either with the U.S. Securities and Exchange Commission (the "SEC") or with any state securities regulatory authority. We are neither licensed nor qualified to provide investment advice. ChartPoppers.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. The information contained in our report is not an offer to buy or sell securities. We distribute opinions, comments and information free of charge exclusively to individuals who wish to receive them.
CHARTPOPPERS.COM
Paul Marek
6047245332
info@chartpoppers.com
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