According to Yahoo!Finance, Federal Home Loan Corporation (FMCC), “…operates in the secondary mortgage market in the United States. The company purchases residential mortgage loans originated by lenders, as well as invests in mortgage loans and mortgage-related securities. It operates in three segments: Single-family Guarantee, Multifamily, and Capital Markets.”
Many claim that the financial crisis of 2008 was unforeseeable. Others claim they knew about it but weren’t specific about where the carnage would occur. Robert Rodriguez was clear and specific about the company formerly known as Freddie Mac. FMCC is down –97.82% since the comments made by Rodriguez.