India, April 14 -- Federal Home Loan Mortgage Corp. (FMCC) climbed 9.09 percent to $5.26 during Monday's trading after revealing the sale of 28 deeply delinquent non-performing residential first lien loans, totaling approximately $5.3 million, to VRMTG ACQ, LLC.
Shares opened at $4.93 and traded between $4.87 and $5.55 on the OTC Markets. Volume reached 1.3 million, below the average of 4.9 million. The stock has moved between $0.94 and $7.15 over the past year.
The transaction, part of Freddie Mac's Extended Timeline Pool Offering, is expected to settle in June 2025.
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