WASHINGTON — Freddie Mac today submitted forms to the Securities and Exchange Commission indicating it may issue additional stock to raise more money and stave off the need for government assistance.

The government-sponsored mortgage buyer said it might sell as much as $10 billion in stock

By selling the stock to shareholders, Freddie Mac could avoid additional intervention in its operations that might take place if the government buys the stock. The Treasury Department is asking Congress for the authority to buy shares of Fannie Mae and Freddie Mac if those government sponsored enterprises are in need of additional capital. That request is part of the housing bill currently pending in Congress.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.