Fannie Mae or May Not: Analyst Insights Issued by BrokerBank Securities, Inc.
NEW YORK, April 23, 2015 /PRNewswire/ -- Federal National Mortgage Association (OTCBB: FNMA) a government-sponsored enterprise (GSE) chartered by the United States Congress to support liquidity and stability in the secondary mortgage market, has been under pressure as a result of a weakening US housing market. Recent statistics have shown that the US housing may have be starting its recovery given that house resales rose 6.1% to an 18 – month high in March. The market is however quite dependent on the direction of interest rates. The Federal Reserve has hinted at raising these rates; however no action has been taken yet. The next meeting will be in June.
About the Federal National Mortgage Association
Fannie Mae operates in three business segments: Single-Family business, Multifamily Business (formerly Housing and Community Development (HCD)) and Capital Markets group. Its Single-Family Credit Guaranty and Multifamily businesses work with its lender customers to purchase and securitize mortgage loans customers deliver to the Company into Fannie Mae MBS.
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This report was prepared for informational purposes only. Affiliated parties involved with producing and issuing this report have not been compensated in any form by profiled company. A full disclaimer can be found by viewing the full analyst report.
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This report may contain certain forward-looking statements and information, as defined within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of mentioned company to be materially different from the statements made herein.
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BrokerBank Securities, Inc. is a member of the Financial Industry Regulatory Authority, CRD number #130116.
SOURCE BrokerBank Securities, Inc.
Related Links
http://www.brokerbanksecurities.com
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