Fannie Mae (OTC:FNMA) Stock Rating Lowered by Keefe, Bruyette & Woods

Keefe, Bruyette & Woods downgraded shares of Fannie Mae (OTC:FNMA) from an outperform rating to a market perform rating in a report released on Wednesday,Briefing.com Automated Import reports. The firm currently has $3.00 target price on the stock, up from their previous target price of $2.00.

Fannie Mae Price Performance

OTC:FNMA opened at $3.39 on Wednesday. Fannie Mae has a 52 week low of $0.69 and a 52 week high of $3.65.

About Fannie Mae

Federal National Mortgage Association provides a source of financing for mortgages in the United States. It securitizes mortgage loans originated by lenders into Fannie Mae mortgage-backed securities (Fannie Mae MBS). The company operates through two segments, Single-Family and Multifamily. The Single-Family segment securitizes and purchases single-family fixed-rate or adjustable-rate, first-lien mortgage loans, or mortgage-related securities backed by these loans; and loans that are insured by Federal Housing Administration, loans guaranteed by the Department of Veterans Affairs and Rural Development Housing and Community Facilities Program of the U.S.