Yesterday, the penny stock of Fannie Mae (FNMA) took a hit after setting a new high at $5.44, up 1600% since we recommended traders accumulate the multi-billion dollar mortgage lender. Their counterpart, Freddie Mac (FMCC) did the same but not before setting a new high as well at $5.00, up 1462.5% since we recommended traders accumulate that multi-billion mortgage lender. With the housing market recovering, is it smart to start accumulating shares in a more simplified mortgage lender, FastFunds Financial Corp. (FFFC), that’s willing to help out those who have been foreclosed-upon, in a lawsuit, divorced or filed bankruptcy?
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FFFC Stock Quote
Market Cap: 846.58K
Wednesday Close: 0.0055 ▲ 0.0019 (+52.78%)
Issued and Outstanding: 153,923,256
14-Day Rel Strength: 60.70%
14-Day Stochastic: 90.48%
1st Resistance Point: 0.0065
2nd Resistance Point: 0.0076
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Fannie Mae’s FNMA stock nearly topped $1 Billion in dollar volume on Wednesday while Freddie Mac’s FMCC stock topped the $300 million traded level before the taste of lunch had left most trader’s mouths. Quietly performing in sub penny land, FastFunds Financial’s FFFC stock has already doubled since last week and looks like it’s just getting started.
Since March 5, 2013, FastFunds Financial has been gaining attention thanks mainly to its newly formed, wholly owned subsidiary Net Life Processing Inc. The deal allowed the Company to acquire the exclusive mortgage servicing rights from Net Life Trust which holds the exclusive mortgage servicing rights from Net Life Financial Holdings Trust.
Focused on the deprived, Net Life is concentrated on servicing those looking for a mortgage whom are first time homebuyers or have already defaulted on a mortgage and are looking to re-negotiate their position and buy-out their non-performing mortgage as well as those who have been foreclosed-upon, are in a lawsuit, divorced or filed bankruptcy and desire to purchase a new home or refinance their existing home.
The Company believes the Net Life LCMO (Life Collateralized Mortgage Obligation) could substantially improve the boomerang buyer get back into a new home and help alleviate America’s banking and mortgage crisis.
Since Net Life has already completed development of its mortgage product and conducted testing via a limited number of successful closings, is it best to accumulate FFFC stock now before they announce a national launch of its product line? Survey says “Yes” – especially while shares can be gobbled up for under a penny.
About FFFC Stock
FastFunds Financial Corporation is a holding company currently operating in the financial services industry segment with a single credit card services portfolio as well as their wholly-owned subsidiary, Net Life Financial Holdings, a development stage enterprise with unique financial products principally for the mortgage industry.
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FNMA and FMCC got both attacked by shorts and had some massive profit takers bail out on Wednesday. For those who said you can’t make $1 million trading penny stocks, they obviously missed the boat that many of our subscribers are saying has now become a yacht thanks to getting in off our alerts on the 2. With what we see, FFFC stock looks like it could put up similar percentage gains in the coming weeks/months, just not the same opportunity for the dollar amount gains the other two did.
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