Freddie Mac and sister company

Mac) announced that it has received the New York Stock Exchange delisted its shares may notice,[link widoczny dla zalogowanych], because their stock price is less than 1 dollar for more than 30 trading days.
Freddie Mac said in a filing with the U.S. Securities and Exchange Commission document body that he is a New York Stock Exchange on Monday received the notification. NYSE requires a stock's average closing price above $ 1. Freddie Mac said it had not decided how to respond to the notice or make a specific action taken. If Freddie Mac decided to change their situation of low stock prices, it must begin in the November 17 ordinary shares within six months of 30 consecutive trading days, pushed the average price of more than $ 1. Since September this year by the federal government taking over, Freddie Mac and sister company, Fannie Mae's stock price below $ 1 has been a long time. Year, Fannie's share price is also the anterior chamber of up to $ 40.45,[link widoczny dla zalogowanych], and Tuesday's closing price of just 47 cents.
worth 11.5 trillion U.S. dollars in the United States the outstanding mortgages in Fannie Mae and Freddie Mac own or guarantee a loan account for about half of the share. Currently the two operating rooms already in state custody, the government's top two companies will inject 100 billion U.S. dollars of the funds, in exchange for nearly 80% of their shares. Freddie Mac has asked the Government's initial capital injection of 13.8 billion. Fannie Mae so far has not asked the Government for funding. As of Friday at 1:30 pm (Beijing time Saturday,[link widoczny dla zalogowanych], 2:30), in the New York Stock Exchange, Fannie Mae shares rose 1 cent to 50 cents. The stock hit $ 37.18 last December, a new high for the year, to 25 cents in September, the stock had fallen so far this year nearly 99%.
Fannie Mae and Freddie Mac EDT 20 announced 26 to 11 year period from January 9 to suspend the housing mortgage foreclosure auction process. Under the plan, Fannie Mae and Freddie Mac loans will be based on the income of home buyers lower interest rates,[link widoczny dla zalogowanych], your monthly contribution will not exceed 38% of household income, the lender can choose to loan period extended from 30 years up to 40 years. The plan applies to 10,000 holders of Fannie Mae mortgage-backed securities issued by borrowers and 6,000 holders of Freddie Mac mortgage-backed securities issued by borrowers,[link widoczny dla zalogowanych], the borrower's housing was originally scheduled for Nov. 26 to next year January 9 is forced between the date of auction.
Fannie Mae and Freddie Mac has now taken over by the government. The two mortgage giants said last week, will begin at least 90 days in arrears mortgage tens of thousands of home buyers loan terms adjusted.
\CEO Pandit (Vikram Pandit) trying to rebuild investor confidence measures fail to curb stock price has dropped to the group the lowest level in 15 years. According to this were refused to be named, informed sources revealed today that the Chairman of the Board temperature Bischof (Win Bischoff) and the independent directors, Richard Parsons (Richard Parsons), led by Citigroup board of directors will convene the group's headquarters in New York meeting. Prior to that, according to well-known international media reported that Citigroup may choose to sell some or all. \According to CNBC reported that Pandit to Citigroup employees this morning, said he did not plan to sell or spin off its Salomon Smith Barney (Salomon Smith Barney) securities sector.
Citigroup was the largest U.S. bank, reached the end of 2006 the market value of $ 274,000,000,[link widoczny dla zalogowanych],000. But yesterday, the group value of the stock slump, the market value thus reduced to 260 billion U.S. dollars, lagging behind the headquarters in Minnesota US
Bancorp. Bank,[link widoczny dla zalogowanych], became the fifth largest bank.
Earlier this week, Pandit announced a plan to cut 52,000 employees. Yesterday, the Saudi Arabian prince, a billionaire Al Wade (Alwaleed Bin Talal) announced that he planned to share holdings to 5% of the group,[link widoczny dla zalogowanych], but the news failed to dispel investor concerns, which is speculated to write down bad loans and securities will be the United States suffered more losses. Over the past year, total net loss Citigroup has reached 200 billion U.S. dollars. Optique Capital Management equity analyst Weilianfeize Patrick (William Fitzpatrick) said: \. \strong capital and liquidity position, and a unique global franchise. \Data, together with 700 billion U.S. dollars by the U.S. Treasury Troubled Asset Relief Program (TARP) to 250 billion dollars into Citigroup at least 500 billion dollars in excess reserves.
close 1930 GMT, spot gold reported that $ 798.75, up 7.2%. London afternoon gold fixing price of $
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