Fannie Mae-No Politics (FNMA)

[Patswil]

FNMA) announced that it has decided to increase the sales volume of a type of debt. The particular debt has risk of failure of home owners to repay mortgages.

Federal National Mortgage Association further stated that it can issue as many as $500 million notes. Currently there are $400 million notes that are managed by Credit Suisse Group AG. The experts feel that the sales volume increment is an effort by the company to reduce its role in residential-mortgage market.

Federal National Mortgage Association is US government-sponsored business that wires liquidity and strength in secondary mortgage market. FNMA operates on market liquidity achieved by securitizing mortgage loans in the primary mortgage market. It purchases mortgage loans and securities for its portfolio.

http://www.sbwire.com/press-releases/federal-national-mortgage-association-otcbbfnma-is-taking-the-right-steps-289313.htm