Kolkata, West Bengal -- (SBWIRE) -- 09/06/2013 -- Specialpennystockalert.com, an investment community with a special focus on updating investors with recent news on the U.S. stock market, issues news alert on Federal National Mortgage Association(OTC:FNMA), Federal Home Loan Mortgage Corp(OTC:FMCC), AMR Corporation(PINK:AAMRQ).
Federal National Mortgage Association(OTC:FNMA) shares gained 0.41% to $1.24. The company on Sept. 4 said it is starting to prepare investors for the first transaction in which the firm would share the risk of homeowner defaults with bond buyers.
Should Investors Buy FNMA After Yesterday’s Slump? Find Out Here
Executives at Washington-based Fannie Mae (FNMA), which bought or guaranteed $468 billion of residential mortgages in the first half of the year, will discuss its credit-risk management practices on an invitation-only web conference for investors that was set to start at 12:30 p.m. today, according to an online posting.
Additionally, the company on August 26 said it plans to sell $2.0 billion of benchmark bills on Wednesday. The sale will include $1.0 billion of three-month bills, due Nov. 27, 2013, and $1.0 billion of six-month bills, due Feb. 26, 2014. Settlement is Aug. 28-29.
Moreover, the company on August 21 said its full-year forecasts for both the economy and housing market remain on track, as economic growth continues to gain momentum despite a slow start to 2013. The company backed its expectations for gross-domestic product growth, continuing to predict about 2% growth for 2013 and 2.6% growth for 2014.
Federal Home Loan Mortgage Corp(OTC:FMCC) shares is trading at $1.14. The company on Sept. 3 said it will sell $2 billion of reference bills. Freddie Mac said it plans to sell $1 billion of three-month bills due Dec. 2, 2013, and $1 billion of six-month bills due March 3, 2014. The bills will be sold over the Internet in a Dutch auction. In such uniform price auctions, successful bidders pay only the price of the lowest accepted bid rather than the actual price as in a conventional multiple-price auction.
Can Traders Buy FMCC After The Solid Rally? Get Free Trend Analysis Here
Additionally, the company on August 29 released the results of its Primary Mortgage Market Survey® (PMMS®), showing average fixed mortgage rates moving lower from the previous week as the Federal Reserve's (Fed) bond purchase program continues to drive market speculation.
Moreover, the company on August 26 said it sold $2.0 billion of reference bills at lower rates and higher demand compared with the most recent sales of similar maturities and comparable amounts. Freddie Mac sold $1.0 billion of three-month bills, due Nov. 25, 2013, at a 0.048 percent rate, down from the 0.075 percent rate for its $1.0 billion three-month bills sold Aug. 19.
AMR Corporation(PINK:AAMRQ) shares decreased 2.94% to $3.30. A U.S. bankruptcy judge on August 29 hinted he would approve AMR Corp's bankruptcy exit plan despite the government's challenge to its main component: AMR's planned megamerger with US Airways Group Inc (LCC). At a hearing at U.S. Bankruptcy Court in Manhattan, Judge Sean Lane held off on confirming the plan for American Airlines' bankrupt parent, but said he found "arguments in favor of confirmation to be fairly persuasive."
Should Investors Buy AAMRQ After Yesterday’s Slump? Find Out Here
Additionally, the company on August 12 reported July 2013 consolidated revenue and traffic results for its principal subsidiary, American Airlines, Inc., and its wholly owned subsidiary, AMR Eagle Holding Corporation. July's consolidated passenger revenue per available seat mile (PRASM) increased an estimated 4.0 percent versus last year, to an all-time record high for any month of 14.61 cents/ASM.
Specialpennystockalert.com is engaged in providing the most up to date and useful information on Microcap Stocks poised to breakout. Specialpennystockalert.com also provides investors with trend analysis, detailed company profiles, and most importantly a much needed "informational edge" which can be used as a tool for making investment decisions. To Receive Instant updates in the inbox, readers are advised to sign up for free at Specialpennystockalert.com.
The assembled information disseminated by Specialpennystockalert.com is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. Specialpennystockalert.com does expect that investors will buy and sell securities based on information assembled and presented in phd-trading.com. PLEASE always do your own due diligence, and consult your financial advisor.
Copyright © 2005-2013 - SBWire, The Small Business Newswire - All Rights Reserved - Important Disclaimer
Contact Us: 888-4-SBWIRE (US) - 920-593-5640 (International)