Mortgage Stocks on the Move: (OTC:FMCC), (OTC:FNMA)
Federal Home Loan Mortgage Corporation (OTC:FMCC) announced a new offering of Structured Pass-Through Certificates ("K Certificates") backed exclusively by fixed-rate multifamily mortgages with a 7-year term. The company expects to offer approximately $1.4 billion in K Certificates ("K-712 Certificates"), which are expected to price the week of April 1, 2013, and settle on or about April 23, 2013. This is Freddie Mac's fifth K Certificate offering this year.
View full press release