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 $1.0 bln in bills

(Reuters) - Settlement is July 26.




The sale was part of Freddie Mac's weekly bill auction. On
Monday Freddie Mac sold $1.5 billion of three-month reference
bills due Oct. 22, 2007, $1.5 billion of six-month reference
bills due Jan. 22, 2008 and $1.0 billion of 12-month bills due
July 21, 2008.


Read more at Reuters.com Bonds News

States to help subprime owners refinance: WSJ

(Reuters) - State officials hope this will be enough to keep some vulnerable low and moderate income neighborhoods from sliding into decline.




The Journal said some of the programs will be similar to existing government-lending programs, in which the state extends mortgages to homeowners and then sells those home loans, in some cases to companies such as mortgage and finance giants Fannie Mae and Freddie Mac.


Read more at Reuters.com Business 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