Orlando, FL -- (SBWIRE) -- 10/03/2013 -- 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 Federal National Mortgage Association(OTC:FNMA), Federal Home Loan Mortgage Corp(OTC:FMCC).
Federal National Mortgage Association(OTC:FNMA) shares gained 11.59% to $1.54. The company on Oct. 2 announced that it will not utilize its Benchmark Notes announcement date this month. As announced in our 2013 Benchmark Securities Issuance Calendar, the company may forego any scheduled Benchmark Notes Issuance.
Additionally, the company on Sept. 26 issued the company's Monthly Volume Summary for August 2013. The summary, available on the company's Web site at www.FreddieMac.com/investors/volsum, provides information on Freddie Mac's mortgage-related portfolios, securities issuance, risk management, delinquencies, debt activities and other investments.
Are investors worried about the recent updates with FNMA? Find out with a free trend analysis HERE
Federal Home Loan Mortgage Corp(OTC:FMCC) shares climbed 9.09% to $1.44. The company on Oct. 1 announced that it has entered into agreements with three financial institutions concerning Freddie Mac's claims related to representations and warranties on single-family loans sold to Freddie Mac. These agreements, under which Freddie Mac will be (or has been) paid a total of approximately $1.3 billion.
Additionally, the company on Sept. 30 announced that James G. Mackey is joining the company as Executive Vice President and Chief Financial Officer. Mackey will report to Freddie Mac CEO Donald H. Layton. Mackey, age 46, will be joining Freddie Mac the week of November 11 from his most recent leadership position as Executive Vice President and Chief Financial Officer of Ally Financial, an auto finance and direct banking financial services company.
Is FMCC going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
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