Citigroup sees subprime losses at Fannie, Freddie

(Reuters) - Citigroup, in the report published on Thursday, estimates
that the two companies' retained portfolios contain $182
billion of subprime bonds, almost all of which are rated
triple-A, based on public disclosure by Fannie Mae and
Freddie Mac and their regulator, the Office of Federal
Housing Enterprise Oversight,.




Fannie Mae and Freddie Mac have exposure to over $3
trillion in mortgages due to their guarantee portfolios and
$1.4 trillion in their retained portfolios, but the vast
majority of this exposure is prime mortgages, Citigroup said.


Read more at Reuters.com Bonds News

Freddie Mac sells $3 bln 10-year reference notes

(Reuters) - Freddie Mac on Friday will also sell $3.0 billion in new
three-year reference notes doe Aug. 23, 2010.




Read more at Reuters.com Bonds News

Freddie Mac Chief Syron Says U.S. Subprime Crisis Is `Going to Get Worse'

(Bloomberg) -- Freddie Mac Chief Executive Officer
Richard Syron predicted the subprime mortgage crisis may deepen
before housing prices improve in about 18 months.

``Unfortunately I don't think we have hit bottom,'' Syron
said today in an interview. ``I think things are going to get
worse.''


Read more at Bloomberg Bonds News

UPDATE 1-Freddie Mac to return to regular filings

(Reuters) - MCLEAN, Va, June 8 - Mortgage finance company
Freddie Mac said on Friday it is poised to return to
issuing regular quarterly financial statements next week.




"Next week, for the first time, we will return to timely
quarterly reporting," said Richard Syron, chairman and chief
executive of Freddie Mac, during a shareholder meeting.


Read more at Reuters.com Market News

USFE to launch credit futures on Fannie, Freddie

(Reuters) - "Agency credit default swap futures are a rare example of a
product that is relevant to both credit and interest rate
traders," Boberski said.




As mortgage finance companies Fannie Mae and Freddie Mac's
portfolios are very sensitive to interest rate change.


Read more at Reuters.com Bonds News

Freddie Mac sells $1.0 billion in bills

(Reuters) - Settlement is May 31.




The sale was part of Freddie Mac's weekly bill auction. On
Tuesday, Freddie Mac sold $2.0 billion of three-month bills due
Aug. 27, 2007, $2.0 billion of six-month bills due Nov. 26,
2007 and $1.0 billion of 12-month bills due May 27, 2008.


Read more at Reuters.com Bonds News