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Los Angeles, CA -- (SBWIRE) -- 02/12/2014 -- Hotpennystocknews.com issues special report on - Federal National Mortgage Assctn Fnni Me (FNMA), Federal Home Loan Mortgage Corp (FMCC)
Federal National Mortgage Association Fannie Mae (FNMA) is a government-sponsored enterprise (GSE) chartered by the United States Congress to support liquidity and stability in the secondary mortgage market, where 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.
In 2010 the FHFA directed the Fannie Mae / Federal National Mortgage Assctn Fnni Me (OTCBB:FNMA) and Freddie Mac / Federal Home Loan Mortgage Corp to create a uniform collateral data portal that would streamline the process of reviewing loan collateral, increasing loan quality and making risk management more effective. If anything is wrong the portal is supposed to flag the loan as problematic and wait for the lender to resolve the issue before Freddie Mac / Federal Home Loan Mortgage Corp or Fannie Mae / Federal National Mortgage Assctn Fnni Me (OTCBB:FNMA) buys the mortgage.
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Federal Home Loan Mortgage Corp (OTCBB:FMCC) provides credit guarantees for residential mortgages originated by mortgage lenders and invests in mortgage loans and mortgage-related securities. It segments are Single-family Guarantee, Investments, and Multifamily.
FMCC increased 1.72% at the price of $2.95 recently on a traded volume of 1.10 million shares, in comparison to 4.98 million shares of average trading volume. So far this year, the stock is down/up over 1.72%. The company has a total market capitalization of $1.93 billion.
For How Long FMCC will Fight for Profitability? Read This Trend Analysis report
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