Las Vegas, NV -- (SBWIRE) -- 09/06/2013 -- Federal National Mortgage Association (OTCBB:FNMA) also recognized as Fannie Mae was mentioned on Reuters web sources as of September 5th 2013 that the U.S. Federal Reserve could not sell mortgage securities guaranteed by Fannie Mae.
The U.S. Federal Reserve's ownership of mortgage bonds guaranteed by Fannie Mae remained at $1.291 trillion along with Freddie Mac and Ginnie Mae. The Fed's holdings of debt issued by Fannie Mae, Freddie Mac and the Federal Home Loan Bank system have been computed $65.713 billion, since the previous week. Further, the foreign institutions' holdings of securities issued by Fannie Mae and Freddie Mac fell by $324 million to stand at $315.1 billion as of September 5th 2013.
Fannie Mae along with the Freddie Mac had received $187 billion in taxpayer funds to stay under water. Both companies were apprehended by the U.S. government in 2008 as the housing crisis threatened their solvency.
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