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Federal Home Loan Mortgage Corporation Message Board

  • clatsun310 clatsun310 May 20, 2013 1:03 AM Flag

    I bet some people are second mortgaging their FREDDIE MAC houses to buy FMCC LMFAO!

    That would be a kicker! Maybe they will pay off their houses faster LMAO!

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    • let's look at that...if someone took out a second for $28,000 against their house on march 5th and put it all into FMCC at the low price of the day (28 cents) they would own 100,000 shares. They could have sold them all for $1.28 last thursday or friday and made a buck per share, they would take in $128.000 and profited by $100,000. and if they paid that against their mortgage, you're right, they will pay their house off faster.

      what's so funny about THAT?

 
FMCC
2.73+0.11(+4.20%)May 1 3:59 PMEDT