As the midweek trading period begins, investors are going to take stock of the situation and possibly look into companies like Fannie Mae (OTCQB: FNMA), which had been in the news on Tuesday. The company actually made a major announcement yesterday with regards to the potential sale of its reperforming loans. Let’s take a closer look.
The Announcement
In the news release that was sent out yesterday, Fannie Mae announced that it had started the marketing efforts related to the recent sale of reperforming loans. It would be a part of its current efforts related to the reduction of the size of its retained mortgage portfolio. The company revealed that the sale was getting marketed through a collaboration with Citigroup Global Markets Inc., and the bids for the loans would begin on March 26, 2025.
Further Information
It should be noted that reperforming loans are those that had been or were presently delinquent; however, they had performed against a period of time. However, the terms of the sale from Fannie Mae would also require the purchaser to offer certain loss mitigation options to the borrower, who may default after a period of five years.
Technicals
| +/- EMA(20) | 6.49 (-2.31%) |
| +/- SMA(50) | 5.6 (+13.21%) |
| +/- SMA(200) | 2.62 (+141.98%) |
| 5-Day Perf. | +0.88% |
| 1-Month Perf. | +6.02% |
| 3-Month Perf. | +154.62% |
| 6-Month Perf. | +432.77% |
| YTD Perf. | +93.29% |
| 1-Year Perf. | +411.29% |
| RSI(14) | 50.5 |
| ATR(14) | 0.52 |
| ADX(14) | 24.5 |
| Beta (5Y) | 0.83 |
