SHARE

News Alert: Citius Pharmaceuticals Receives FDA Approval For LYMPHIR™ (Denileukin Diftitox-Cxdl) Immunotherapy For The Treatment Of Adults With Relapsed Or Refractory Cutaneous T-Cell Lymphoma. Click to Read More.

If investors believed that Federal Home Loan Mortgage Corp (OTCBB:FMCC) and Federal National Mortgage Assctn Fnni Me (OTCBB:FNMA) will soon start paying their dividends then its time to face the reality. Researchers claim that the investors have misinterpreted the figures. The mortgage finance giant was put into conservatorship in 2008 and was rescued with taxpayer funds.

Taxpayers funds not paid

As much as $71.3 billion of taxpayers’ funds went into saving Federal Home Loan Mortgage Corp (OTCBB:FMCC), while the mortgage giant has returned $91 billion to the government. The investors assumed that the company has fully repaid the taxpayers and it’s time for their share. But, according to researchers at the Federal Reserve Bank of New York, the company is not yet free from its obligation of repayment to taxpayers.

Structure debated

Separately Senate Banking Committee leader indicated that Federal Home Loan Mortgage Corp (OTCBB:FMCC) will remain under the U.S. conservatorship for at least two years as structure of a new housing finance system is debated. Richard Shelby said that it would be better to keep the mortgage-finance company under federal control than to pass a bill allowing the government to guarantee mortgages. Earlier Shelby opposed a Senate bill that suggested the replacement of Federal Home Loan Mortgage Corp (OTCBB:FMCC) and Fannie Mae with government insurers, which will absorb losses behind private investors. It is up to Shelby to propose an alternative route to structure the mortgage finance companies.

Shelby stated that he was left with another important unfinished business ahead of Federal Home Loan Mortgage Corp (OTCBB:FMCC) and Fannie Mae issue. He added that he does not want to make matter worse by taking wrong decisions. After being bailed out, both Federal Home Loan Mortgage Corp (OTCBB:FMCC) and Federal National Mortgage Assctn Fnni Me (OTCBB:FNMA) regained profitability and guarantees nearly half of the outstanding home loans at present.

Federal Home Loan Mortgage Corp (OTCBB:FMCC) closed at $2.39 in its last trading session.

SHARE
Previous articleOXIS International, Inc. (OTCMKTS:OXIS) Subsidiary Updates On Execution of Option Agreement
Next articleAlexandria Advantage Warranty Co (OTCMKTS:AAWC) Shared Agreement Details To Regain Confidence
Steve Kanaval: Portfolio Manager/Writer/ Market Analyst Steve began his career in the Trading Pits in Chicago making markets at the Chicago Mercantile Exchange (NYSE:CME) the Chicago Board of Trade and the CBOE in the early 80’s. He ran the Morgan Stanley Derivative Prop Trading for the firm specializing in Index Arbitrage. He continued his career as a Trader/Portfolio Manager for multiple Hedge Funds during the Internet Boom of the 90’s managing large portfolios. Steve is known as an expert in MicroCap Technology Stocks and the emerging Digital Currency markets as a Portfolio Manager for his Family Office. Steve has managed portfolio’s in volatile asset classes for 3 decades as a commodity trader, hedge fund manager and digital currency trader and miner. Steve publishes his views on the asset classes in a public forum and has published more than 10,000 articles simplifying these complex and volatile assets for readers. His work is published on multiple sites including Bloomberg, Equities.com, Hacked.com, CryptoCurrencyNews as a paid contributor. His work includes research, journalism and archived video on important market volatility related to stocks, digital currency and other volatile misunderstood asset classes. He offers a humorous, unique insight and the related back stories and drivers for readers interested in volatility and emerging market assets. Full disclosure Steve is long 25 digital currencies and sits on the board of multiple public companies involved in digital currencies, and owns shares in these companies from time to time.