Fannie, Freddie Dropped from New York Stock Exchange
by DIANA GOLOBAY
Fannie Mae and Freddie Mac common stock was removed today from the New York Stock Exchange (NYSE).
The Federal Housing Finance Agency (FHFA) directed the government-sponsored enterprises (GSEs) in June to de-list from the NYSE and any other national securities exchange. The direction came after the price of their common stock hovered near the minimum average closing price of $1 for more than 30 days for most months since the conservatorship took effect in September 2008.