Freddie Facing Delisting on the NYSE

Freddie Mac said in a public filing Friday it received notice that it may lose its listing on the New York Stock Exchange because its share price has been under $1 for more than 30 days. In a filing with the Securities and Exchange Commission, the mortgage investing giant -- now a ward of the government -- said it received the notice on Monday. The NYSE requires that the average closing price of a stock remain above $1 per share. The company continues to buy mortgages from its seller/servicers. Its regulator seized control of the GSE in September. The company is, more or less, owned by the government, though its shares still trade on the NYSE. It recently hit a low of 25 cents.

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