Thursday, June 17, 2010

Freddie Mac Notifies NYSE of Intention to Delist

MCLEAN, Va., June 16 /PRNewswire-FirstCall/ -- Freddie Mac (NYSE: FRE) today announced that the company has notified the New York Stock Exchange (NYSE) of its intent to delist its common stock and the 20 listed classes of its preferred stock. This notice was made pursuant to a directive by the Federal Housing Finance Agency (FHFA), Freddie Mac's conservator, requiring Freddie Mac to delist its common and preferred securities from the NYSE. According to a press release by FHFA, the Acting Director of FHFA issued similar directives to both Freddie Mac and Fannie Mae.

Freddie Mac Starts Mortgage Relief For Gulf Coast Homeowners

Freddie Mac (FRE) said Thursday it was invoking a mortgage-relief policy for borrowers hurt by the massive oil spill in the Gulf of Mexico, echoing similar moves by sister company Fannie Mae (FNM) a day earlier.


Anonymous said...

this is extremelly bad sign..
This means Freddie mac is out of business and has huge debts.
It suggest that,Those innocent middle class & working class pple who take home loans from freddie mac and fannie mae are still not able to repay housing loans.

While those arrogant wall street traders are still out their making millions, bloody bas*ards.Once again goldman sachs and other bank's army of traders are looting innocent americans.Hola!

trading crude oil,s&p makes sense..but by trading ABS , making money with it is inhuman thing...where as the backing-asset,
innocent student's loan and middle class pple's housing loan are tied.

I would blame foolish clinton administration which started encouraging to give loans to pple with bad credit quality.


Chintan said...

Hey Hunter,
the above comment is posted by me ;)