Orlando, FL -- (SBWIRE) -- 10/15/2013 -- 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 Home Loan Mortgage Corp(OTC:FMCC), AMR Corporation(PINK:AAMRQ).
Federal Home Loan Mortgage Corp(OTC:FMCC) shares declined 1.32% to $1.50. Fannie Mae and Freddie Mac on Oct. 7 said it filed legal paperwork to create a common platform for the two firms to issue mortgage-backed securities. The regulator, the Federal Housing Finance Agency, said in a statement it established a new company called Common Securitization Solutions, LLC, as a limited liability company in the state of Delaware. The joint venture is intended to help securitize home loans and consolidate some of functions currently replicated by Fannie Mae and Freddie Mac.
Additionally, 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.
Are investors worried about the recent updates with FMCC? Find out with a free trend analysis HERE
AMR Corporation(PINK:AAMRQ) shares gained 2.20% to $5.12. The company on Oct. 11 reported September 2013consolidated revenue and traffic results for its principal subsidiary, American Airlines, Inc., and its wholly owned subsidiary, AMR Eagle Holding Corporation. September's consolidated passenger revenue per available seat mile (PRASM) was a record high for the month, increasing an estimated 3.2 percent versus the same period last year.
Consolidated capacity and traffic were 1.9 percent and 1.3 percent higher year-over-year, respectively, resulting in a consolidated load factor of 80.7 percent, 0.4 points below the same period last year. Domestic traffic was 0.5 percent higher year-over-year on 0.9 percent more capacity, resulting in a domestic load factor of 80.2 percent, 0.3 points lower compared to the same period last year.
Is AAMRQ going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
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