Federal National Mortgage Assctn Fnni Me (OTCBB:FNMA) released the monthly summary for August 2015 highlighting the year-to-date activities for company’s mortgage-backed securities, gross mortgage portfolio and other guarantees, interest rate risk plans, loan modifications and serious delinquency rates.
The mortgage giant plays a critical role in the U.S.’s housing finance segment. In the secondary mortgage industry, the company offer large-scale and reliable access to affordable mortgage credit in the nation at all times so residents can buy, rent, or refinance homes. Even in tough times, the Americans can count on the company.
The impressive numbers
Federal National said that it is a responsibility that they are proud to carry. It is evident as they remain the leading provider firm of liquidity to country’s recovering housing market. In 2Q2015, the company was the largest single issuer firm of single-family mortgage-based securities in the secondary segment and served as an incessant supply of liquidity in the multifamily segment.
Federal National provided nearly $144 billion in liquidity in 2Q2015 promoting 344,000 mortgage refinances, 181,000 units of multifamily housing and 229,000 home purchases for families in the U.S. The mortgage giant assisted distressed families keep their houses or otherwise prevent foreclosure through almost 34,000 loan workouts, including loan modifications of about 26,000 cases.
In today’s industry, customers seek associates who listen and offer thoughtful, strategic solutions that help them meet their business goals. To be U.S.’s preferred housing associate implies offering the service and products lenders need to fulfill the demand of all segments of the market profitably, confidently and efficiently.
Federal National plans are concentrated on establishing a stronger association with the clients and making it easier as well as convenient to do business with company. The expert account teams are working meticulously with lenders to understand their operations, improve the services, and deliver the value to organization. Depending on clients’ feedback, the company has made remarkable changes to warranty framework and representation to help mitigate loan repurchase risk.
Federal National Mortgage Assctn Fnni Me (OTCBB:FNMA) rallied for the second consecutive session to end the last trading session with a gain of 1.36%. The volume of 1.8 million for the day was lower than the daily average of 2.1 million, which was not a very good advertisement for the bulls. The price continues to move sideways mostly and even the lower lows are very shallow in nature and that doesn’t really help the bears too. The chart shows the dominant range which must be broken on either direction to get a directional move.