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Los Angeles, CA -- (SBWIRE) -- 01/16/2014 -- Hotpennystocknews.com issues special report on - Federal Home Loan Mortgage Corp (FMCC), Federal National Mortgage Assctn Fnni Me (OTCBB:FNMA)
Freddie Mac (FMCC) was chartered by Congress in 1970 to provide liquidity, stability and affordability to the nation's housing market. Today Freddie Mac is making home possible for one in four homebuyers and is one of the largest sources of financing for multifamily housing.
Freddie Mac is operating under a conservatorship that began on September 6, 2008, conducting our business under the direction of the Federal Housing Finance Agency (FHFA).
They are focused on meeting the urgent liquidity needs of the U.S. residential mortgage market, lowering costs for borrowers and supporting the recovery of the housing market and U.S. economy.
Freddie Mac is both mindful and appreciative of the federal financial support we have received, and as an institution in conservatorship, we are highly focused on being good stewards of this support.
Freddie Mac’s three core business lines provide a constant source of mortgage funding for the nation’s housing markets – helping to make homeownership and rental housing more affordable for America’s families:
1. Single-Family Credit Guarantee Business
2. Multifamily Business
3. Investment Business
FMCC ended higher 3.41% and complete the day at $3.03. The total number of shares changed hands during the day was 5.01 million. After opening at $2.91, the stock hit as high as $3.06. However, it traded between $0.28 and $5.00 over the last twelve months.
For How Long FMCC will Fight for Profitability? Read This Trend Analysis report.
Federal National Mortgage Association / Fannie Mae (OTCBB:FNMA) is a government-sponsored enterprise (GSE) that was chartered by Congress in 1938 to support liquidity, stability and affordability in the secondary mortgage market, where existing mortgage-related assets are purchased and sold.
The Company’s activities include providing market liquidity by securitizing mortgage loans originated by lenders in the primary mortgage market into Fannie Mae mortgage-backed securities (Fannie Mae MBS), and purchasing mortgage loans and mortgage-related securities in the secondary market for its mortgage portfolio. Fannie Mae operates in three business segments: Single-Family business, Multifamily Business (formerly Housing and Community Development (HCD)) and Capital Markets group. Its Single-Family Credit Guaranty and Multifamily businesses work with its lender customers to purchase and securitize mortgage loans customers deliver to the Company into Fannie Mae MBS.
FNMA gained 2.97%, trading on 13.61 million shares, to end the trade at $3.12. If we look at its trading history of the past 52 weeks, the share price suffered a low of $0.27 and was moved to the maximum level of $5.44. The stock changed hands in a range of $2.97 to $3.18, bringing its market capitalization to about $3.61 billion.
Why Should Investors Buy FNMA After The Recent Gain? Just Go Here and Find Out.
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