FACTBOX: Key facts on Fannie Mae and Freddie Mac

Sat Jul 26, 2008 8:45pm BST
 
Email | Print | | Single Page
[-] Text [+]

(Reuters) - The U.S. Congress has passed a housing bill aimed at rescuing the ailing housing market and shoring up Fannie Mae and Freddie Mac, enabling to two housing finance titans to support the U.S. home market.

Here are some key facts about the two companies:

FANNIE MAE:

-- Formal name: Federal National Mortgage Association

-- Created in 1938 by Congress as part of a campaign aimed at expanding the secondary U.S. mortgage market and increasing home ownership and rental housing.

-- Annual revenue: $43.71 billion (December 31, 2007)

-- CEO: Daniel H. Mudd

-- Shares touched a 52-week high of $70.57 on August 22, 2007 and fell as low as $6.68 on July 11, but closed at $11.55 on Friday.

FREDDIE MAC:  Continued...

 
Detail showing a commercial U.S. Dollar rate against British Sterling is displayed in central London in this file photo December 1, 2006.  REUTERS/Toby Melville
Pound picking up strength

Sterling will gradually strengthen against the dollar over the next 12 months but is unlikely to move much, a Reuters poll shows.  Full Article | Related Story 

Market Update

  • UKUK
  • USUS
  • Europe
  • Asia
  • UK Most Actives

Most Popular Business News on Reuters UK

  • Articles
  • Videos