New York, NY -- (ReleaseWire) -- 04/02/2013 --Federal Home Loan Mortgage Corporation (OTC:FMCC) provides credit guarantee for residential mortgages originated by mortgage lenders and invests in mortgage loans and mortgage-related securities in the United States.
Former Massachusetts Rep. Barney Frank says private shareholders in Fannie Mae and Freddie Mac "would be entitled to a pro-rated share" of the entities' profits if there is money left over after they repay the government. However, he says he "has little sympathy with the vultures" betting on a rebound in shares of the government-sponsored enterprises (GSEs).
"The problem of having a surplus left over in Fannie and Freddie after we've settled all the debts is a problem I'd love to have. I'm skeptical that we will," Frank said.
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AMR Corporation (OTC:AAMRQ) subsidiary American Airlines launched daily service between Dallas/Fort Worth and Lima, Peru – providing more access and choices for customers traveling between the two key markets and beyond. The new route will enable customers to connect to other destinations in North America, Europe and Asia via American's extensive global network out of Dallas/Fort Worth.
"Peru's economy continues to expand and we've seen increased travel demand to that market, as well as throughout Latin America," said Chuck Schubert, American's Vice President – Network Planning. "This route plays a vital role in our international network strategy by offering seamless, one-stop connections to major domestic and international destinations through Dallas/Fort Worth – including customers traveling between Latin America and Asia."
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