Fannie and Freddie Stock Delisted from NYSE
The Wall Street Journal (Nick Timiraos) reports that "Quasi-governmental mortgage finance giants Fannie Mae and Freddie Mac have voluntarily delisted their stock from the New York Stock Exchange after their values fell to less than $1."
And the scary part is that according to the Federal Housing Finance Agency "The other option was to present a plan to bring share value back above $1, but the federal regulator in charge of the firms opted against that because the government couldn't be sure of success."
So can anyone tell me the future of Fannie Mae and Freddie Mac? And how will it effect the Real Estate market?
For the full story please refer to:
http://www.realtor.org/rmodaily.nsf/pages/News2010061705?OpenDocument
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