The share price of Fannie Mae (FNMA) closed down 2.07% on Thursday to $0.9160, trading between $0.9420 and $0.8990 during the day. In the last month, shares of FNMA declined more than -16.35%, with an average volume of more than 4.69M shares. Over three months, FNMA stock fell over -33.14% while the average volume was 8.19M. Over the past year, the stock has lost over 54.96% of its value, reaching a high of $3.2500 with a market cap of $1.06B.

What happened recently?

September 20, 2021, Fannie Mae (OTCQB: FNMA) announced that it will engage in new credit risk transfer (CRT) transactions in the fourth quarter of 2021. As part of its Connecticut Avenue Securities® (CAS) and Credit Insurance Risk TransferTM (CIRTTM) programs, the company will transfer mortgage credit risk. 

Details about possible CRT issuance plans can be found at Credit Risk Transfer Update Frequently Asked Questions.

To learn more about Fannie Mae’s CRT programs, please visit https://capitalmarkets.fanniemae.com/credit-risk-transfer.  

About Fannie Mae,

With Fannie Mae, millions of Americans can get a 30-year fixed-rate mortgage and find affordable rental housing. To make housing opportunities available to families across the country, the Company partner with lenders. Making home buying simpler and less stressful while reducing costs is what FNMA is doing in housing finance.