$0.34
0.03 (+8.15%)
Freddie Mac (NASDAQOTCBB:FMCC.OB)
CAPS Rating:
A stockholder-owned corporation chartered by Congress to create a flow of funds to mortgage lenders. Purchases certain residential mortgages that it finances by issuing mortgage pass through securities and debt instruments in the capital markets.
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Note to Self: 2 star rating w/ P/E ratio of 13.2. Trying to track it after falling to .25/share. Now govt backed hope to see long term gains. expect to see rocky start on this rating.
Fannie Mae, Freddie Mac halting foreclosuresbiz.yahoo.com/ap/081120/mortgage_giants_foreclosures.htmlAgent Smith
Fannie to help renters stay in foreclosed homesbiz.yahoo.com/ap/081215/fannie_mae_renters.html
After nearly a year of watching this stock struggle at the bottom it is finally getting close to the level at which I picked it. I still see that it will have many more days of difficulty pending on the the time it takes for this nation to recover from this recession. Now would have been a more appropriate time to pick this stock to see if it succeeds.