Orlando, FL -- (SBWIRE) -- 09/30/2013 -- 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(OTC:FNMA), Federal Home Loan Mortgage Corp(OTC:FMCC).
Federal National Mortgage Association(OTC:FNMA) shares declined 1.88% to $1.30. The company on Sept. 26 issued the company's Monthly Volume Summary for August 2013. The summary, available on the company's Web site atwww.FreddieMac.com/investors/volsum, provides information on Freddie Mac's mortgage-related portfolios, securities issuance, risk management, delinquencies, debt activities and other investments.
Additionally, the company on Sept. 20 priced its eighth Multifamily DUS® REMIC in 2013 totaling $1.09 billion under its Fannie Mae Guaranteed Multifamily Structures (Fannie Mae GeMS™) program on September 13, 2013. All classes of FNA 2013-M12 are guaranteed by Fannie Mae with respect to the full and timely payment of interest and principal.
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 dropped 2.34% to $1.25. The company on Sept. 26 released the results of its Primary Mortgage Market Survey® (PMMS®), showing average fixed mortgage rates fell following the Federal Reserve announcement that it will maintain its bond buying stimulus helping to keep homebuyer affordability elevated. The average rate on the 30-year fixed mortgage is at its lowest level since the week ending July 25, 2013.
Additionally, the company on Sept. 19 announced that it auctioned a $500 million reopening of its .875% three-year USD Reference Notes® security that matures on October 14, 2016. The stop yield for the issue, CUSIP 3137EADS5, was .825%, priced at 100.150746, or approximately 14.6 basis points more than three-year U.S. Treasury Notes. The bid-to-cover ratio was 6.50 to 1.
Is FMCC going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
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