Traders Buzz: Liquidmetal Technologies Inc (OTCBB:LQMT), Federal Home Loan Mortgage Corp (OTCBB:FMCC)
The most popular manufacturer of amorphous composites and alloys in the entire world, Liquidmetal Technologies Inc(OTCBB:LQMT) will be hosting a conference call on 6th August at 4.30 pm ET. The call is meant to discuss outcomes for the second quarter that was completed on 30th June of this year. Financial results are supposed to come out through a press release after the market closes on the same day.
The CEO and President of Liquidmetal Technologies, Tom Steipp will be hosting the presentation with CFO, Tony Chung after a question-and-answer round.
In other news, Fannie Mae has obtained insurance based on mortgages valued at $5 billion from National Mortgage Insurance Corp as the company tries to expand its risk-sharing with private companies.
The transaction has led to a formal bid procedure with mortgage insurers, as mentioned by NMI Holdings Inc through an email. The insurer said that it was chosen on the basis of favorable norms and beneficial risk-share qualities.
The competitor of Fannie Mae, Federal Home Loan Mortgage Corp(OTCBB:FMCC) has managed to sell $500 million of a new debt-type to share its mortgage-default risk with bond shareholders. This agreement was a part of an attempt to gain insight into the way private sector prices are at stake, as per the acting director of the Federal Housing Finance Agency, Edward DeMarco.
The FHFA has overseen the overseen the companies since they were seized by the United States in 2008. It has been supervising them to raise how much they charge in order to guarantee their conventional mortgage bonds and asked each of them to make an effort to share risk this year on home loans worth $30 billion. As per the goals that are set for the executives of companies, the risk-sharing must take a range of types.
Tags: Federal Home Loan Mortgage Corp (OTCBB:FMCC), Liquidmetal Technologies Inc (OTCBB:LQMT)