Rochester, NY 8/24/2009 9:28:58 PM
Freddie Mac FRE, Freddie Mac Show the Higher Rate on the Market
Freddie Mac FRE
Freddie Mac Release that not only is AIG seeing significant upside action, but a pair of other bailed-out-bandits, Fannie Mae, Freddie Mac are also on the rise. Fannie Mae is up 18% to $1.09 and Freddie Mac is up 17% to $1.55.
Freddie Mac purchases residential mortgages and mortgage-related securities in the secondary mortgage market and securitizes them into mortgage-related securities that can be sold to investors. It operates in three segments: Investments, Single-family Guarantee, and Multifamily.
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