DALLAS, Aug. 3, 2010 (GLOBE NEWSWIRE) -- MicroStockProfit.com announces an investment report featuring Altair Nanotechnologies Inc. (OTCBB:FNMA). The report includes financial, comparative and investment analyses, and recent company news that you need to know to make an educated investment decision.
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The full report is available at: http://www.microstockprofit.com/lp/FNMA
FNMA is trading above its 13-day moving average. This is considered to be the sign of a bullish trend. There is added weight to this indication because the moving average is rising and suggests that there has been buying interest in this stock.
Federal National Mortgage Association (FNMA) also known as "Fannie Mae" is a government-sponsored enterprise (GSE) chartered by the U.S. Congress to support liquidity and stability in the secondary mortgage market, where mortgage loans are purchased and sold. The Company participates in the secondary mortgage market by purchasing mortgage loans and mortgage-related securities for its mortgage portfolio. It also makes other investments that increase the supply of affordable housing. The Company is organized in three business segments: Single-Family Credit Guaranty, Housing and Community Development (HCD) and Capital Markets.
Message Board Search for FNMA: http://www.boardcentral.com/boards/FNMA
In the report, the analyst notes:
"FNMA reported a net loss of $11.5 billion in the first quarter of 2010, compared with a net loss of $15.2 billion in the fourth quarter of 2009. Including $1.5 billion of dividends on senior preferred stock held by the U.S. Department of Treasury, the net loss attributable to common stockholders was $13.1 billion, or ($2.29) per diluted share, compared with a loss of $16.3 billion, or ($2.87) per diluted share, in the fourth quarter of 2009.
"FNMA expanded its mortgage portfolio in June, while the rate of late payments on loans it guarantees fell in May to the lowest level this year, the largest U.S. home loan purchaser said last week. The serious delinquency rate has steadily improved but remains elevated, with 9.5% U.S. unemployment and wage cuts making timely loan payments a struggle for many borrowers. At 5.15% in May, the latest figures available, the single-family delinquency rate fell from 5.30% in April and a high of 5.59% in February. In May 2009, however, the rate was 3.68%."
To read the entire report visit: http://www.microstockprofit.com/lp/FNMA
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