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  • Freddie Mac (OTC:FMCC): A Stock Not To Miss 0 comments
    Apr 3, 2013 3:40 PM | about stocks: FMCC

    Freddie Mac has been ignited along with the explosion of Fannie Mae, recently moving above $0.30 spontaneously.

    Freddie Mac provides credit guarantee for residential mortgages initiated by lenders and is an investor in mortgage-related securities. It operates in three business segments: Single-Family Guarantee, Investments and Multifamily. The company totals and securitizes the mortgage related securities issued by the company, government sponsored enterprises, state or local housing finance agencies or private entities.

    The single family guarantee includes the purchasing of single-family mortgage loans originated in the primary mortgage market; it securitizes the purchased mortgage loans into guaranteed mortgage-related securities and guarantees the payments on the mortgage-related securities. The company also engages in securitization and guarantee of multifamily mortgage loans and securities and guarantees multifamily HFA bonds and housing revenue bonds held by thirds parties.

    Freddie Mac went downhill along with Fannie Mae during the housing crisis and collapsed mortgage outrage. The story behind the crisis was granting of credit to anyone who asked for it, which rated the debt based security to the highest but in reality the debt bundled into securities comprised of trash loans which were liable to default and caused a meltdown.

    For more information and insights on Freddie Mac, please click here: FMCC

    OTCMagic.com is quickly becoming the preeminent destination for up to date information on the hottest stocks in Penny stock World

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

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