OTC Bullish Runner Federal Home Loan Mortgage Corp (OTCBB:FMCC) Warms Investor’s Pockets, Bank of Commerce Holdings (NASDAQ:BOCH)
In the trading session of Friday, May 31st, Federal Home Loan Mortgage Corp (OTCBB:FMCC) scored a positive trend and escalated +26.87%, the stock was up to the investor’s confidence. In the most recent session, the opening price of the stock was $1.50; it remained in day-price-range of $1.26 – $2.16 and at the end of the day, closed the session at $2.03.
FMCC gained a really hot trading volume of 62.26 million shares and the average volume of the stock remained 25.20 million shares.
Financial Sector Other Rivals, ORI and BOCH:
FMCC warmed investor’s pockets with a hot percentage change of more than 26%, while Old Republic International Corporation (NYSE:ORI) scored a negative trend of -0.58% in the prior trading activity. Bank of Commerce Holdings (NASDAQ:BOCH), financial sector and Regional – Pacific Banks industry company, closed the session at price of $4.99, and it showed an upward trend of +0.81%.
FMCC Released Market Survey Results of Fixed Mortgage Rates:
FMCC has provided results of the company’s PMMS (Primary Mortgage Market Survey). The results have showed that fixed mortgage rates have been increased this year. The average thirty year fixed moved ahead about half a percentage point as of the start of May when its average was 3.35%.
Announcement of Federal Home Loan Mortgage Corp (OTCBB:FMCC) regarding K Certificates:
FMCC has made an announcement regarding a new-fangled offering of K- Certificates backed entirely by multifamily fixed rate mortgages by a seven year term. FMCC has planned to offer about $1.3B in K Certificates which are predictable to settle on or near 19th June, 2013. This is the company’s 9th K Certificate offering in present year.
Management Effectiveness of FMCC:
Return on Assets (ttm) of the company remained 0.73%, on the other hand, Return on Equity (ttm) was 301.14%.
Highlights of FMCC Past Trends:
The prior five days trend of the stock was in green as it grew +1.5%, FMCC skyrocketed in its one month period and its percentage change was +149.08%. The three month and six month performances of the stock were in positive of +596.72%, +589.19% respectively. Previous 5 years performance was in red as FMCC nosedived -91.97% and its preceding ten years trend was also in red as it shed -96.59%.
About Federal Home Loan Mortgage Corporation:
FMCC is a provider of credit guarantee meant for residential mortgages. The Company invests in mortgage related securities plus mortgage loans in U.S.