- PR Newswire•2 hours ago
Fannie Mae Announces Two Credit Insurance Risk Transfer Transactions on $20.4 Billion of Single-Family Loans
WASHINGTON, March 23, 2017 /PRNewswire/ -- Fannie Mae (OTC Bulletin Board: FNMA) announced today that it has completed the first two traditional Credit Insurance Risk Transfer™ (CIRT™) transactions of 2017 covering existing loans in the company's portfolio. The two deals, CIRT 2017-1 and CIRT 2017-2, which together cover $20.4 billion of loans, are a part of Fannie Mae's ongoing effort to reduce taxpayer risk by increasing the role of private capital in the mortgage market. To date, Fannie Mae has acquired nearly $4 billion of insurance coverage on just under $160 billion of loans through the CIRT program.
If there’s one thing Federal National Mortgage Assctn Fnni Me (OTC: FNMA ) and Federal Home Loan Mortgage Corp (OTC: FMCC ) investors are used to these days, it’s waiting. A According to Congressional ...
Hedge funds, other investors have lobbied for removal of government controls over the mortgage giants' profits.
FNMA : Summary for FANNIE MAE - Yahoo Finance
Federal National Mortgage Association (FNMA)
OTC BB - OTC BB Delayed Price. Currency in USD
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|Day's Range||2.62 - 2.70|
|52 Week Range||1.26 - 5.00|
Trade prices are not sourced from all markets
|PE Ratio (TTM)||264.99|
|Dividend & Yield||0.00 (0.00%)|
|1y Target Est||N/A|