Orlando, FL -- (SBWIRE) -- 10/22/2013 -- Hot Stock Profits provides investors and traders with valuable trading tools and content as well as micro-cap stock alerts via eMail and text messages. To Join Our Text Message Alerts Service Just Text The Word Stocks To 555888 From Your Cell Phone. Our Focus Today Is On Genworth Financial Inc(NYSE:GNW), Multi-Corp International Inc (OTCMKTS:MULI).
Federal National Mortgage Association(OTC:FNMA) shares gained 4.55% and closed at $1.61. The company on Oct. 15 announced that it priced its inaugural credit risk sharing transaction under its Connecticut Avenue Securities (C-deals) series. The Series 2013-C01 transaction provides an additional avenue to manage the credit risk on the company's guaranty book of business. The $675 million note offering priced today and is scheduled to settle on October 24. This is the first in a series of planned C-deal offerings aimed to help reduce taxpayer risk and attract private capital to the housing market.
Additionally, the company on Oct. 11 said it will likely sell its $675 million debut offering of derivative securities at lower-than-expected yields after the deal garnered multiple times the required investor orders, according to several investors considering the deal.
Are investors worried about the recent updates with FNMA? Find out with a free trend analysis HERE
Multi-Corp International Inc (OTCMKTS:MULI) stock plunged 53.45% and closed at $0.270. The company on Oct. 21 announce, that the State of New Mexico has transferred all of the leases in the Marks & Garner name were operated by Robin Hood LLC are now in the name of Multi-Corp. Multi-Corp has initiated the name change at the county level and with the OCD. All leases, for both the Cave Pool and Double XX properties, now show up on the OCD website as belonging to Multi-Corp.
Is MULI going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
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