Orlando, FL -- (SBWIRE) -- 10/30/2013 -- 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 (OTCBB:FNMA), Federal Home Loan Mortgage Corp (OTCBB:FMCC).
Federal National Mortgage Association (OTCBB:FNMA) shares jumped 0.83% to $2.42. The company on Oct. 23 said it sold $500 million of benchmark bills at lower interest rates compared with last week's sale of similar maturities. Fannie Mae said it sold $250 million of three-month bills due Jan. 22, 2014 at a 0.040 percent stop-out rate, or lowest accepted rate, down from the 0.175 percent rate for $250 million of three-month bills sold Oct. 16.
The company sold $250 million of six-month bills due April 16, 2014 at a 0.085 percent rate, also down from the 0.189 percent rate for $250 million of six-month bills sold a week ago.
Are investors worried about the recent updates with FNMA? Find out with a free trend analysis HERE
Federal Home Loan Mortgage Corp (OTCBB:FMCC) shares climbed 1.30% to $2.34. The company on Oct. 24 announced a new offering of Structured Pass-Through Certificates ("K Certificates"), backed exclusively by LIBOR-based, floating rate multifamily mortgages with five- and seven-year terms. The company expects to offer approximately $1.3 billion in K Certificates ("K-F02 Certificates"), which are expected to price the week of October 28, 2013, and settle on or about November 13, 2013. This is Freddie Mac's seventeenth K Certificate offering this year and its second floating rate offering this year.
Additionally, the company on Oct. 21 said it will sell $3.0 billion of reference bills. Freddie Mac said it plans to sell $1.0 billion of three-month bills due Jan. 21, 2014, $1.0 billion of six-month bills due April 21, 2014 and $1.0 billion of 12-month bills due Oct. 20, 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 a sin a conventional multiple-price auction.
Is FMCC going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
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