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Investor Ideas Snapshot; OTCBB Top Percentage Gainers (MDRM), (FVRG), (AHFD), (FNMA)
Category: Investment
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Visit: Modern Mobility Aids Inc.
Point Roberts, WA - March 19, 2013 (www.investorideas.com newswire) Investorideas.com staff: Investorideas.com, an investor research portal specializing in sector research for independent investors reports on the top percentage gainers on the OTCBB for March 19th, 2013.
Modern Mobility Aids Inc., (OTCBB:MDRM) trading at $0.0026 gained $0.0011 or 73.33% on a volume of 50,000 shares, making it today's top percentage gainer on the OTCBB.
ForeverGreen Worldwide Corporation (OTCBB:FVRG) trading at $0.09 rose by $0.03 or 50.00% on a light volume of 100 shares.
ForeverGreen Worldwide Corporation, through its subsidiary, ForeverGreen International, LLC, engages in the development, manufacture, and marketing of whole foods, nutritional supplements, personal care products, and essential oils in the United States and internationally. Some examples of the company's products are Hemp Pulse, a whole food product in cherry, raspberry, and blueberry fruit base options; Hemphoria, a whole seed concentrate; and Inspirin, a product designed to ease discomfort or pain.
Active Health Foods Inc., (OTCBB:AHFD) trading at $0.0008 moved up $0.0002 or 33.33% on a volume of 20,090,000 shares.
Active Health Foods, Inc., a development stage company, develops and markets organic energy bars under the “Active X” brand name in the United States. It offers energy bars in almond chocolate delight, peanut butter chocolate joy, cashew berry dream, and coconut cocoa passion flavors. The company intends to sell its products to retailers, including health food stores, gyms, grocery retail outlets, and convenience stores, as well as to distributors.
Federal National Mortgage Association (OTCBB:FNMA) trading at $0.6848 showed a gain of $0.1638 or 31.44% on a high volume of 36,430,000 shares.
Federal National Mortgage Association, or Fannie Mae, stocks continue to rise as the US government discusses mortgage finance overhaul.
The two companies (Fannie Mae and Freddie Mac) which help finance about two-thirds of new U.S. home loans have been operating under government control since 2008, with their bailout costing taxpayers roughly $131 billion.
Both Republicans and Democrats agree they need to eventually be wound down, but have yet to agree on what should replace them.
Many Democrats believe the government needs to continue playing some role in the mortgage market to help ensure broad access to credit, and a number of private proposals also envision keeping some type of federal backstop in place.
Fannie Mae and Freddie Mac do not make loans, but they buy them from lenders to foster a liquid market. They either hold the loans in their own portfolios or repackage them as securities for investors, which they issue with a guarantee.
After years of losses, both companies have returned to profitability and are now set to return earnings to the U.S. Treasury, which in turn could dampen the political motivation to shutter them.
In a filing with the Securities and Exchange Commission last week, Fannie Mae announced it would miss its March 18 deadline for posting quarterly results as it analyzes how to account for certain deferred tax assets, which are unused credits and deductions that can be used to cover future tax bills.
The filing raised the possibility the company could soon be required to send as much as $62 billion to the U.S. Treasury if it begins to account for the assets as part of its net worth.
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