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Micro-Cap in Focus; Fannie Mae (FNMA)

Shares of Fannie Mae (OTC: FNMA), a government-sponsored enterprise chartered by the U.S. Congress to support liquidity and stability in the secondary mortgage market, are up sharply in trading today.

At last check, FNMA shares were trading 5% higher at $0.252 on above average volume of 3.10 million. The stock gained 9.57% in the last three trading sessions.

Fannie Mae recently introduced Know Your Options Customer Care, a customer engagement strategy and training program for servicers. The program is aimed at preventing foreclosures by developing consultative relationships with struggling homeowners.

Leslie Peeler, Senior Vice President, National Servicing Organization at Fannie Mae, said that everybody wins when we can prevent foreclosure. Peeler said that what FNMA has learned through the housing crisis is that if everybody takes the responsibility to work together and act early, then foreclosures can be prevented.


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