Las Vegas, NV -- (SBWIRE) -- 09/04/2013 -- Federal Home Loan Mortgage Corp (OTCBB:FMCC) ad Fannie Mae have reached to a stage where they should be handed over to private hands as stated by Fairholme Capital's Bruce Berkowitz.
Freddie Mac and Fannie Mae have commenced on making profits again which is five years after their bailout. The companies have started proving themselves as housing giants all over again. Bruce Berkowitz stated that there would be no middle class housing, no cornerstone of American dream of housing, no 30-year mortgage without Fannie Mae and Freddie Mac. He said with finality in his tone that there is no alternative.
Freddie Ma and Fannie Mae were placed into government conservatorship in September 2008, a bailout that cost taxpayers $188 billion in total. The shares plummeted to pennies on the dollar upon the bailout as investors had lost hope that the agencies will ever make a profit again which has been proved wrong recently.
To find out what OTCMAGIC projects for Federal Home Loan Mortgage Corp for both short term and long term please click here: FMCC
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