Fannie Mae and Freddie Mac are reporting that the New York blackout has not impaired their debt operations."It is business as usual," said Fannie Mae spokeswoman Janis Smith. Although the bond market was expected to close early Friday, at 2 p.m., Fannie Mae said it was still planning to go to settlement Friday on a $1 billion five-year Subordinated Benchmark Note. It also announced a new deal, a noncallable Benchmark Note, that will be priced on Aug. 20. Meanwhile, Freddie Mac spokeswoman Sharon McHale said the blackout has "not impacted" the giant mortgage company, although trading in the bond market was light. As planned, Freddie Mac said it was going to settlement Friday on a $5 billion, three-year Reference Note.
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