Federal Home Loan Mortgage Corp (OTCBB:FMCC) has reported that it has successfully sold 1,052 serviced non-performing loans from its portfolio. The loans were a part of the company’s standard pool offerings. The transaction is due to be completed by July 2015 and would be the company’s third SPO in 2015. Additionally, the mortgage corporation, along with fellow Federal National Mortgage Assctn Fnni Me (OTCBB:FNMA), has been experiencing significant rise in mortgage rates. FMCC reported that mortgage rates have reached a new 2015 high, owing to a number of positive factors.

FMCC stated that the said loans were delinquent for the past 3-years and amount to a total of $201 million. The mortgage company stated that the borrowers of these loans have already been evaluated and have been found to be in stages of loss mitigation, modification or other alternates of foreclosure. Additionally, 29% of the pool balance was comprised of mortgages that had become delinquent.

As per the latest reports from the FMCC, 30-year fixed rate mortgage saw a rise of 0.3% to reach 3.87%, the year’s highest, but 2.5% lower than the rates at the same time in the previous year. The same way 15-year FRM saw a rise of 0.06%, to reach 3.11%, which was again lower than last year’s 3.21%. The 5-year treasury indexed hybrid ARM reached 2.9%, up by 0.02%, but lower than 2.96% for the same period last year. The only exception to the trend was the 1-year treasury indexed ARM, which decline 0.01% to reach 2.5%, but was subsequently higher than last year’s 2.41%.

The FMCC also reported that the general upwards trend was due to the positive housing market data. As per recent developments new home sales rose by 6.8%, while existing home sales fell by 3.3%. The year-over-year sales saw a rise of 6.1%, as of March 2015.

The May 29th session saw Federal Home Loan Mortgage Corp (OTCBB:FMCC) 650.04 million shares change hands, to close at $2.46.

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Steve Kanaval: Portfolio Manager/Writer/ Market Analyst Steve began his career in the Trading Pits in Chicago making markets at the Chicago Mercantile Exchange (NYSE:CME) the Chicago Board of Trade and the CBOE in the early 80’s. He ran the Morgan Stanley Derivative Prop Trading for the firm specializing in Index Arbitrage. He continued his career as a Trader/Portfolio Manager for multiple Hedge Funds during the Internet Boom of the 90’s managing large portfolios. Steve is known as an expert in MicroCap Technology Stocks and the emerging Digital Currency markets as a Portfolio Manager for his Family Office. Steve has managed portfolio’s in volatile asset classes for 3 decades as a commodity trader, hedge fund manager and digital currency trader and miner. Steve publishes his views on the asset classes in a public forum and has published more than 10,000 articles simplifying these complex and volatile assets for readers. His work is published on multiple sites including Bloomberg,,, CryptoCurrencyNews as a paid contributor. His work includes research, journalism and archived video on important market volatility related to stocks, digital currency and other volatile misunderstood asset classes. He offers a humorous, unique insight and the related back stories and drivers for readers interested in volatility and emerging market assets. Full disclosure Steve is long 25 digital currencies and sits on the board of multiple public companies involved in digital currencies, and owns shares in these companies from time to time.