FNMA has been in the news 563% more than usual
Nov 07, 2024, 1:32 PM
40.72%
What does FNMA do
The Federal National Mortgage Association, a government-sponsored corporation based in Washington, D.C., facilitates liquidity for housing purchases and refinancing. It operates in Single-Family and Multifamily segments, employing 8,100 staff.
FNMA has been in the news recently: Genworth Financial, Inc. reported a net income of $85 million for Q3 2024, largely due to the strong performance of its subsidiary Enact and its CareScout initiative. Additionally, Schwab Asset Management is set to launch a new Schwab Mortgage-Backed Securities ETF with a low expense ratio of 0.03%, expected to begin trading around November 19.
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