Boston, MA 03/10/2014 (wallstreetpr) – Federal Home Loan Mortgage Corp (OTCBB:FMCC) is a far cry from what it used to be at the height of the housing fallout in 2007. So far in 2014, the company has returned over 1,700 percent. As the company and its sibling Fannie Mae (FNMA) remain under the control of the government, private investors are lobbying to have the companies freed and listed on New York Stock Exchange. Private investors are hoping that bringing FMCC to NYSE will enable them to benefit from the nice turnaround being in the company. Currently the government sweeps all the dividends. Revenues in Federal Home Loan Mortgage Corp (OTCBB:FMCC) has been on the rise and the outlook has been more than encouraging.
Federal National Mortgage Assctn Fnni Me (OTCBB:FNMA) returns all its profits to the government but this is not what private investors want. The board of the mortgage giant is being challenge to work on strengthening their balance sheet. But to strengthen the balance sheet, it means allowing the government to sweep all the profits will have to stop. This is the idea being touted by money manager Bruce Berkowitz of Berkowitz, Fairholme Capital Management. The mortgage company has now moved to the risk of collapse and it now makes good profits, but its return to private investors seems to be the fight around the company currently. While calls are intensifying that Federal National Mortgage Assctn Fnni Me (OTCBB:FNMA) stops giving away its profits to government, the mortgage company is not commenting on the exchanges.
Promap Corp (OTCBB:CANN) was last seen at $34.90. The stock has had investors willing to sell or buy it between $1.50 and $64.64 over the last 12 months trading period. The company has a market cap of $465.81 million. The last trading session saw more than twice the average daily volume of shares changing hands. Investors can keep an eye on how the session unfolds today.
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