Fannie Mae (FNM) now looking to find lower support level at $0.92 or $0.75 level

Fannie Mae (NYSE: FNM) is heading towards lower level following its dismal performance for quarter ended September. The state owned mortgage re-finance lender Fannie Mae (FNM) stock is now tyring to find lower level support at $0.92, and could even head lower at $0.75.

Fannie Mae (FNM) is asking for an additional $15 billion in government aid after posting another big loss in Q3.

At the end of last month, about 4.7 percent of Fannie Mae's (FNM) borrowers had missed at least three payments.