Seeking Alpha

bestdamnpennys4...'s  Instablog

bestdamnpennys4bucks
Send Message
BestDamnPennys4Bucks.com is a multi-media marketing company that provides public awareness campaigns to increase liquidity for our client companies. In addition, we predict the Hottest picks available in the industry for our members to invest their hard earned money in. Our picks are... More
My company:
Bestdamnpennys4bucks.com
My blog:
BestDamnPennys4Bucks LLC
  • Freddie Mac Blog 0 comments
    Mar 25, 2013 1:24 PM | about stocks: FMCC

    Site Logo

    Federal Home Loan Mortgage Corporation, referred to as Freddie Mac (OTCQB:FMCC) is a stock-holder owned corporation and was created to expand a 2nd market for mortgages. Freddie Mac is the second largest government mortgage funding entity. FMCC buys the secondary mortgages and increases the supply of money available for mortgage lending and increases the money available for new home purchases. Interest rates could go down as a result and owners of FMCC debt and the Asian central banks who had increased their holdings in these bonds may be protected. On September 8, 2008, the stock plummeted to about a dollar, and on on June 16, 2010, dropped another 50%. FMCC charges a "guarantee fee" on loans and is there primary money maker. Investors let FMCC do this as per they assume all of the risk if the loan is not paid back.

    FMCC has reported that they have a third quarter profit and that they would not ask the U.S. Treasury for more funds. When the quarter ended September 30th, the company had a 2.9B net income as compared to a 4.4B loss just a year ago. They claim that a favorable market is the cause.

    FMCC is currently trading for $.797. Over the past 52 weeks, the stocks have ranged from a low of $0.1431 up to $1.44. On the previous close they were at $0.782. FMCC's market cap is 521.98M. There best day thus far into the year was March 21st at $1.42. Can they meet that mark again by the end of the year?

    To stay updated with the most current information, check out our free penny stock newsletter at bestdamnpennys4bucks.com

    Chart for FMCC.OB

    FMCC

    Donald H. Layton

    Ross J. Kari

    John R. Dye

    http://www.freddiemac.com

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

Back To bestdamnpennys4bucks' Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers

Latest Comments


Most Commented
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.