Fannie Mae (OTC:FNMA) Rating Lowered to “Market Perform” at Keefe, Bruyette & Woods

Fannie Mae (OTC:FNMA) was downgraded by equities research analysts at Keefe, Bruyette & Woods from an “outperform” rating to a “market perform” rating in a report issued on Wednesday,Briefing.com Automated Import reports. They presently have a $3.00 price objective on the stock, up from their prior price objective of $2.00. Keefe, Bruyette & Woods’ price target points to a potential downside of 11.50% from the company’s current price.

Fannie Mae Stock Performance

OTC:FNMA opened at $3.39 on Wednesday. Fannie Mae has a 1-year low of $0.69 and a 1-year 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.