Penny Stock Fannie Mae (FNMA) rallies in Wednesday’s Trading
Shares of Fannie Mae (OTC: FNMA), a government-sponsored enterprise (GSE) chartered by the U.S. Congress to support liquidity and stability in the secondary mortgage market, rallied in Wednesday’s trading session.
The penny stock of Fannie Mae ended the day 8.82% higher at $0.370, with volume up from daily average of 5.56 million to 18.75 million.
Fannie Mae on Wednesday announced that its priced its second Multifamily DUS REMIC in 2012 totaling $977 million under its Fannie Mae Guaranteed Multifamily Structures program.
Kimberly Johnson, vice president of Multifamily Capital Markets, sad that this month’s GeMS deal was the program’s largest to date, and several new investors participated. Johnson said that increasing deal sizes and issuing with higher frequency has enhanced liquidity over the past six months and participation has grown steadily.
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Posted by Matt Prior
on Thursday, February 16th, 2012. Filed under Internet, Stocks.
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