OTC Buzz: AMR Corporation(PINK:AAMRQ), Federal National Mortgage Association(OTC:FNMA), Federal Home Loan Mortgage Corp(OTC:FMCC)

AMR Corporation(PINK:AAMRQ) shares gained 7.30% to $4.41. The Justice Department on Sept. 27 says the law protects it from turning over information about the third parties interviewed during its analysis of AMR Corp.’s merger with US Airways Group Inc., information the airlines want to see as they try to defend themselves from Justice’s lawsuit to block the deal.

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Additionally, AMR Corporation (OTCBB: AAMRQ), the parent company of American Airlines, Inc., and US Airways Group, Inc. (NYSE: LCC) on Sept. 23 have each agreed to extend the outside date at which either party may terminate the previously announced Agreement and Plan of Merger (the Merger Agreement), in light of the trial schedule surrounding litigation with U.S. Department of Justice.

Federal National Mortgage Association(OTC:FNMA) shares gained 3.82% to $1.36. The company on Sept. 26 issued the company’s Monthly Volume Summary for August 2013. The summary, available on the company’s Web site at, provides information on Freddie Mac’s mortgage-related portfolios, securities issuance, risk management, delinquencies, debt activities and other investments.

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Additionally, the company on Sept. 20 priced its eighth Multifamily DUS® REMIC in 2013 totaling $1.09 billion under its Fannie Mae Guaranteed Multifamily Structures (Fannie Mae GeMS™) program on September 13, 2013. All classes of FNA 2013-M12 are guaranteed by Fannie Mae with respect to the full and timely payment of interest and principal.

Federal Home Loan Mortgage Corp(OTC:FMCC) shares climbed 3.97% to $1.31. The company on Sept. 30 announced that James G. Mackey is joining the company as Executive Vice President and Chief Financial Officer. Mackey will report to Freddie Mac CEO Donald H. Layton. Mackey, age 46, will be joining Freddie Mac the week of November 11 from his most recent leadership position as Executive Vice President and Chief Financial Officer of Ally Financial, an auto finance and direct banking financial services company.

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Brent Watts before joining Market Buzz Media, Brent worked for Hubbard Broadcasting sister station KSTP in the Twin cities as part of the production team and now wants to focus his attention back into the newsroom. He graduated with a degree in broadcast journalism from University of St. Thomas and worked on St. Thomas’s T.V. station, Campus Scope, as a reporter and anchor. Brent gained valuable forecasting skills from The New England Shore Line to the Mountains of West Virginia. During his free time he loves watching and playing Ice Hockey.