Federal National Mortgage Association (OTCBB:FNMA) shares declined by 28.92%, Federal Home Loan Mortgage Corp (OTCBB:FMCC)

Posted by Steve Raasch May 30, 2013 0 Comment 9488 views


Hartford, CT 05/30/2013 (GDPInsider) – Federal National Mortgage Association (OTCBB:FNMA) closed at $2.90 and down by 28.92% (-$1.18). It opened its day at $4.18 after its previous day close of $4.08. The intraday range of the stock is $2.00 low and $5.44 high. With around 1.71 billion outstanding shares, the market capitalization of the company is $4.97 billion. The beta of the stock which measures the volatility is 3.07. The 52-weeks share price range for the stock is $0.20- $5.44. The net profit margin is 13.33% which shows that the company is enjoying profits.

Federal National is a public enterprise sponsored by the government which supports stability and liquidity in secondary mortgage stock market. It provides security to the mortgage given by the lenders in the primary mortgage market to the Fannie Mae MBS (mortgage backed securities).

Is FNMA a solid investment at these levels? Get valuable updates and exclusive insights here.

Federal Home Loan Mortgage Corp (OTCBB:FMCC) closed at $2.61 and down by 30.40% (-$1.14). It opened its day at $3.93 after its previous day close of $3.75. The intraday range of the stock is $1.88 low and $5.00 high. With around 1.11 billion outstanding shares, the market capitalization of the company is $2.91 billion. The beta of the stock which measures the volatility is 3.13. The 52-weeks share price range for the stock is $0.14- $5.00. The net profit margin is 13.62% which shows that the company is enjoying profits.

Federal Home is a global securities market and residential mortgage market of United States. It operates in 3 parts namely, investments, single family guarantee and multifamily. The company has launched a new offering of K certificates or Structured Pass Through Certificates. With a 7 year term which is backed exclusively by multifamily mortgages. It expects to offer around $1.3 billion in these Certificates. This is 9th K certificate offering by the Freddie Mac this year.

 

How Should Investors Trade FMCC Now? Get key and important information right here.

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About Steve Raasch

Steve Raasch is a breaking news reporter for GDP insider. During his nearly two decades of editorial experience, Steve has covered a variety of topics including small business, health, personal finance, advertising, workplace issues and consumer behavior. Steve is very passionate about his work. Steve earned a master of arts degree in international relations from the Johns Hopkins University School of Advanced International Studies in Washington.

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