Dallas, TX - PennyStockPickReport.com is pleased to alert investors of stocks on the move.
Freddie Mac ( NYSE:FRE) slipped $0.15 or 8.67% to $1.58 on over 9.93 million shares after the company said on Thursday that the average rate on 30-year US home loans fell in the past week to retest record lows, helping stimulate housing demand. Freddie Mac is engaged in purchasing residential mortgages and mortgage-related securities in the secondary mortgage market and securitizing them into mortgage-related securities that can be sold to investors.
Fannie Mae ( NYSE:FNM) fell $0.06 or 4.11% to $1.40 on over 15.11 million shares on no news. The stock has a 52-week range of $0.30 to $2.13.So far the stock has jumped up over 90% in the last six months of trade. Federal National Mortgage Association (Fannie Mae) is a government-sponsored enterprise (GSE) chartered by the United States Congress to support liquidity and stability in the secondary mortgage market, where mortgage loans are purchased and sold.
American International Group, Inc.(NYSE:AIG) dipped $2.09 or 5.11% to $38.81 on over 8.60 million shares after American International Group Inc. on Thursday evening issued a statement to clarify the amount of assistance it has received from the federal government and the amount the company is required to repay. The company said that the total authorized assistance received by it from the federal government was $182.3 billion, while total outstanding assistance was $120.7 billion. American International Group, Inc. (AIG) is a holding company which, through its subsidiaries, is engaged in a range of insurance and insurance-related activities in the United States and abroad.
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