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Why is FMCC down 2.57%?
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FMCC:OTCMKTS
Federal Home Loan Mortgage Corp
$3.79
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-2.57%(-0.10) 1D
Oct 6, 4:00:00 PM GMT-4 · USD
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All symbols
| Symbol | Price | Change | % Change |
|---|
insights_autoGenerating top insights for FMCC...
Open
$3.88
High
$3.90
Low
$3.71
Mkt. cap
2.51B
Avg. vol.
2.06M
Volume
2.42M
52-wk high
$12.17
52-wk low
$3.40
EPS
-$0.00
Beta
1.74
Shares outstanding
650.06M
No. of employees
7K
Open
$3.88
High
$3.90
Low
$3.71
Mkt. cap
2.51B
Avg. vol.
2.06M
Volume
2.42M
52-wk high
$12.17
52-wk low
$3.40
EPS
-$0.00
Beta
1.74
Shares outstanding
650.06M
No. of employees
7K
News stories
From web sources and news partners
Stock Titan
·
17 minutes ago
Federal Home Loan Mortgage Corp. (FMCC) investments executive Kevin Cheng reports 0 directly held shares.
Yahoo Finance
·
22 hours ago
Freddie Mac Stock And Rate Sensitive Housing Plays Worth A Closer Look
Fox Business
·
5 days ago
Mortgage rates surge to highest level since 2023 as bond yields spike
Fox Business
·
1 month ago
Mortgage rates fall for second consecutive week
Profile
The Federal Home Loan Mortgage Corporation, commonly known as Freddie Mac, is an American publicly traded, government-sponsored enterprise, headquartered in McLean, Virginia. The FHLMC was created in 1970 to expand the secondary market for mortgages in the US. Along with its sister organization, the Federal National Mortgage Association, Freddie Mac buys mortgages, pools them, and sells them as a mortgage-backed security to private investors on the open market. This secondary mortgage market increases the supply of money available for mortgage lending and increases the money available for new home purchases. The name "Freddie Mac" is a variant of the FHLMC initialism of the company's full name that was adopted officially for ease of identification.
On September 7, 2008, Federal Housing Finance Agency director James B. Lockhart III announced he had put Fannie Mae and Freddie Mac under the conservatorship of the FHFA. The action has been described as "one of the most sweeping government interventions in private financial markets in decades". Wikipedia
About Federal Home Loan Mortgage Corp
CEOKenny M. Smith
Employees7.33K
Founded1970
Headquarters-
SectorFinancial services
Websitefreddiemac.com