fannie mae stock

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Naman

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fannie mae stock price has gone down. is it a right time to invest?

magorkhe1

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Not yet : await until it reaches under $2.

NepaliBudho

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If it doesn't come out of GSE, under 2 doesn't make sense either.

Manuwa

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What is GSE?

magorkhe1

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Mortgage GSEs, or government-sponsored enterprises, are basically financial services corporations. All were created by Congress with the aim of improving the flow of credit into certain housing markets while reducing the cost of that same credit. The two most widely known examples of mortgage GSEs are Fannie Mae and Freddie Mac. Besides Fannie and Freddie, another popular GSE is Ginnie Mae. A separate group of 12 federal home loan banks also works as a mortgage GSE.

Manuwa

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Thanks. How do we know whether came out of GSE?

NepaliBudho

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Manuwa, Do you listen/watch news? Watch cnbc, Bloomberg and other financial news.

dhasukha

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New CEO of fannie mae (FNMA) is Hugh R. Frater.
He has said he would make FNMA a private company again. Great news for Share Holders.
Check the stock price going up everyday.

dhasukha

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It turned out, I was RIGHT. I asked you all a week ago if it's the right time to invest on FNMA. The stock price of FNMA will be somewhere around $25 to $40 in a few weeks.
Help yourself guys.

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