Tuesday, October 08, 2013 5:08:01 PM
"The filing of the document makes the firm a legally recognized company and is the first step in creating the joint venture which will be an equally-owned subsidiary of Fannie Mae / Federal National Mortgage Association (OTCBB:FNMA) and Freddie Mac / Federal Home Loan Mortgage Corp (OTCBB:FMCC)."
This doesn't sound nearly as scary as the title sounds. Surely you wouldn't want it to sound scary. Hmm, "equally-owned" doesn't sound like a going out of business type thing at all.
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