FNMA has been in the news 409% more than usual
Aug 02, 2024, 6:31 AM
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What does FNMA do
The Federal National Mortgage Association, a government-sponsored entity headquartered in Washington D.C., provides liquidity for home purchases, multifamily rental housing financing, and mortgage refinancing. It operates through Single-Family and Multifamily segments, funding its activities via debt securities in domestic and international capital markets.
FNMA has been in the news recently: FNMA, or Fannie Mae, is not directly mentioned in the context of the reported financial results from Genworth Financial, Onity Group Inc., and Bimini Capital Management. The article focuses on these companies' financial performance, including Genworth's $76 million net income and Onity's acquisition plans, but does not provide information specifically about FNMA.
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