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Tip of the Day

Tip of the Day Set Concrete Goals

Set Concrete Goals - One of the best ways to help you set a budge and live within your means is to set realistic, but concrete, goals for things like...

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Fannie Mae

Fannie Mae- Is a common and very popular name or nickname to describe the US Federal National Mortgage Association. Also know as the FNMA Fannie Mae is a publicly owned corporation that has government support. This corporation was chartered in 1938 to purchase mortgages from lenders and resell them to the public at large. The Fannie Mae Corporation is mostly package mortgages that have being backed by the Federal Housing Administration. They also sell some nongovernmental backed mortgages and package mortgages. The shares of Federal National Mortgage Association itself, known as Fannie Mae's, are traded on the New York Stock Exchange.

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Definition of the Day Rights Issue

Rights Issue - Rights Issue is the permission of a company or corporation to existing shareholders. The current shareholders status give them access to purchase shares of stock security of an issue of the common stock before the company offers the stock securities to the public domain. The stock security...

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