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MarketScreener Homepage  >  Equities  >  OTC Bulletin Board - Other OTC  >  Federal National Mortgage Association    FNMA

FEDERAL NATIONAL MORTGAGE ASSOCIATION

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Federal National Mortgage Association : Realtors Commend FHFA Efforts to Reform Credit Score Models

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08/15/2019 | 09:05am EDT

WASHINGTON, Aug. 14 -- The National Association of Realtors issued the following news release:

National Association of Realtors(R) President John Smaby issued the following statement after the Federal Housing Finance Agency this week sent a final rule on the validation and approval of third-party credit score model(s) that can be used by Fannie Mae and Freddie Mac for publication

"A borrower's credit score unlocks mortgage financing through the GSEs, a critical gateway for millions of homebuyers," Smaby, a second generation Realtor(R) from Edina, Minnesota, said. "However, the credit score currently used by Fannie Mae and Freddie Mac is nearly two decades old, ignoring innovations in modeling and overlooking a wealth of non-traditional information about potential homebuyers.

"Realtors(R) applaud these FHFA efforts to foster competition and innovation in credit modeling, creating a path for new models that will open homeownership opportunities for countless responsible, creditworthy Americans."

The National Association of Realtors(R) is America's largest trade association, representing more than 1.3 million members involved in all aspects of the residential and commercial real estate industries.

© 2019 Targeted News Service, source News Service

Stocks mentioned in the article
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FEDERAL NATIONAL MORTGAGE ASSOCIATION -1.68% 3.52 Delayed Quote.237.74%
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Financials (USD)
Sales 2019 20 216 M
EBIT 2019 -
Net income 2019 106 M
Debt 2019 -
Yield 2019 -
P/E ratio 2019 179x
P/E ratio 2020 23,9x
Capi. / Sales2019 1,02x
Capi. / Sales2020 0,96x
Capitalization 20 545 M
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Mean consensus OUTPERFORM
Number of Analysts 3
Average target price 4,58  $
Last Close Price 3,58  $
Spread / Highest target 116%
Spread / Average Target 28,0%
Spread / Lowest Target -16,2%
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NameTitle
Hugh R. Frater Chief Executive Officer & Director
David C. Benson President
Jonathan Plutzik Chairman
Kimberly H. Johnson Chief Operating Officer & Executive Vice President
Celeste Marie Brown Chief Financial Officer & Executive Vice President
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